Hachshara Insurance Company

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.