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Hachshara Insurance Company
Founded in 1972 and headquartered in Holon, Israel, Hachshara Insurance Company was acquired by Eli Elezra in 2006 and now operates as the insurance division...
Hachshara Insurance Company
Founded in 1972 and headquartered in Holon, Israel, Hachshara Insurance Company was acquired by Eli Elezra in 2006 and now operates as the insurance division of the Elezra Group. The firm underwrites general insurance, finance, and sales law guarantees. Shimon Miron serves as CEO, with Roi Kadosh leading investment management for the insurer's portfolio. The company deploys capital across a concentrated set of asset classes, most notably direct real estate, mortgage lending, and hospitality ventures. Its real estate holdings include the mixed-use Soho Ashdod Complex and master-plan assets in Kiryat Eitanim, both in Ashdod, Israel. In Europe, it has held positions through Nanette Real Estate Group, a residential developer, and a hotel venture with Fattal Holdings. North American exposure comes via Peakhill Mortgage, a private credit vehicle targeting the Canadian and US mortgage markets. While the firm is insurance-regulated and bound by Israeli solvency requirements, its investment posture leans heavily into physical assets rather than liquid securities. Operational scale and total assets under management are not publicly disclosed. The firm maintains membership in the Israel Insurance Association, the representative body for the country's insurers. Philanthropic activity runs through contributions to Friends of the Israel Defense Forces and the Jerusalem Fund's Neighborhood League, reflecting Elezra's longstanding community ties. Structurally, Hachshara functions as a proprietary capital vehicle within a privately held conglomerate — not a third-party asset gatherer. Its investment office operates with the governance of a regulated insurer but the concentration appetite of a family holding company, deploying balance-sheet capital into multi-jurisdictional real assets without the redemption pressures or fund-life constraints typical of institutional managers.
General information
Firm type
Insurance
Year founded
1972
AUM
Undisclosed
Location
Region
Middle East
Country
Israel
City
Holon
Corporate office
Holon, Israel
Principals
Eli Elezra
Owner and Chairman
Shimon Miron
CEO
Roi Kadosh
Chief Investment Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Hachshara Insurance Company?
Roi Kadosh is the Chief Investment Manager, operating under CEO Shimon Miron and Chairman Eli Elezra. Elezra, the controlling shareholder through Elezra Group, sets the strategic direction for the portfolio, which emphasizes physical assets and cross-border exposure rather than liquid securities.
How is Hachshara related to the Elezra Group?
Eli Elezra acquired Hachshara Insurance Company in 2006, making it the insurance division of his privately held Elezra Group. The parent company provides a conglomerate structure under which Hachshara operates as a regulated Israeli insurer, while the broader group holds additional assets in real estate and hospitality.
Does Hachshara participate in fund commitments or only direct deals?
Hachshara's known deployment pattern favors direct positions — including wholly owned Israeli real estate complexes, a European residential development stake through Nanette Real Estate Group, and a North American mortgage exposure via Peakhill Mortgage. No significant fund-of-funds activity is publicly documented; the insurer's investment office appears to source, diligence, and hold direct interests.
What is Hachshara's geographic footprint?
The firm's portfolio spans three continents. In Israel, it holds mixed-use developments in Ashdod, including the Soho Ashdod Complex and master-plan assets in Kiryat Eitanim. European exposure runs through residential and hospitality ventures. North America is accessed via Peakhill Mortgage, a private credit platform active in Canada and the United States.
What investment stages or asset classes does Hachshara typically target?
The insurer allocates primarily to direct real estate — both income-producing and development-stage — alongside private credit and hospitality. Stage coverage ranges from ground-up mixed-use development in Israel to operational hotel partnerships with Fattal Holdings in Europe, indicating a flexible horizon rather than a fixed hold period.
Does Hachshara maintain philanthropic structures, and how are they separated?
Philanthropy is handled outside the regulated insurance entity, through contributions to organizations including Friends of the Israel Defense Forces and the Neighborhood League of the Jerusalem Fund. These do not appear to be structured as a formal foundation; rather, they reflect the personal giving priorities of Chairman Eli Elezra.
What is Hachshara's known posture on co-investments alongside external partners?
The firm has demonstrated willingness to co-invest with operating partners — its hotel venture involves Fattal Holdings as the operator, and Peakhill Mortgage functions as an external platform for North American credit exposure. This suggests a preference for partnering with specialist operators rather than building fully internal management teams in each geography.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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