Migdal Insurance Company Ltd
Migdal Group is the leading insurance and finance company in Israel. For over 80 years, Migdal has been providing a wide variety of insurance, pension and financial assets management services products for the long term. Migdal Group and its subsidiaries serve over 1.9 million individual and business customers.
Migdal was founded in 1934, in Jerusalem, by families of businessmen who operated under the British mandate, a group of Jewish families from Alexandria and the Italian insurance company Generali. The name Migdal was given to the Company by the national poet Haim Nachman Bialik, who thought of a name that would express strength and security. The poet Shaul Tchernichovsky served as the Company's first physician.
During the forties, the bank which later became Bank Leumi le-Israel joined the Company’s shareholders.
Migdal is currently held by the public company Migdal Insurance and Financial Holdings Ltd., whose shareholders as of February 2014 are: Eliahu Insurance Company ltd– approx. 69.19% and the public – approx. 30.81%.
Ever since it started operating, Migdal was dedicated towards innovation and creativity in developing its products. Thus, Migdal launched the first managers' insurance in Israel. Migdal Group manages about 30% of life assurance and new pension funds in Israel, in terms of contribution fees and premiums. Migdal holds at 100% of Migdal Makefet pension fund, the second largest pension fund in Israel, with asset scope of approx. NIS 26 billion.....
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