# Harel Insurance Company

Harel Insurance Company is an Insurance based in Tel Aviv, Israel.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Tel Aviv, Israel
- **Region:** Middle East
- **Address:** Tel Aviv, Israel
- **Founded:** 1935
- **Assets under management:** Undisclosed
- **Website:** harel-group.com
- **LinkedIn:** https://il.linkedin.com/company/harel-insurance

## Regulatory record

- **Reports private funds:** No

## About

Harel Insurance Company was founded in 1935 and has evolved into Israel's largest insurance and financial services group by premiums. The firm is controlled through G.Y.N. Financial Consulting and Management Ltd., the holding company of the Hamburger family, with Yair Hamburger serving as Chairman and his siblings Gideon Hamburger and Nurit Manor as co-controlling shareholders. While Harel's core operations span life, health, and general insurance, its investment arm directly manages a portfolio that mirrors the posture of a global real assets investor. The group deploys capital across real estate, infrastructure, and private markets. Its real estate book is notably transatlantic: a joint venture with SL Green Realty Corp. targets New York City properties, including the Pace University dormitory complex at 180-182 Broadway and 2 John Street in Manhattan, alongside a commercial office portfolio in Houston, Texas. In Europe, Harel participates in a sale-leaseback fund managed by LCN Capital Partners and holds a German office portfolio. On the infrastructure side, the firm owns the Emek Habacha Wind Farm in the Golan Heights and is a stakeholder in the Jerusalem Light Rail expansion. The firm also maintains exposure to gold and industrial metals. Harel operates through Gamla Harel Residential Real Estate Ltd. for its Israeli residential development activities and co-invests alongside Manulife on a US real estate joint venture. The firm's public commitments to ESG are evidenced by its Maala Platinum Plus rating for corporate social responsibility and its membership in the Valuable 500, a collective focused on disability inclusion. The family's philanthropic capital flows through the M.E.H. Foundation, known locally as Keren HaMeah. What distinguishes Harel's architecture from a standard institutional LP is its direct co-investment posture: the firm takes joint-venture equity stakes alongside specialist operating partners such as SL Green and Manulife, retaining control and concentration risk that a typical allocator would avoid. This structure places Harel closer to a family office with an insurance balance sheet than to a diversified mutual insurer.

## Sectors

- Real Estate
- Infrastructure
- Energy Transition & Renewables
- Secondaries & Special Situations

## People

- Yair Hamburger — Chairman and controlling shareholder
- Gideon Hamburger — President and controlling shareholder
- Nurit Manor — Controlling shareholder

## Questions

### Who controls Harel Insurance Company?

The firm is controlled by the Hamburger family through their holding company, G.Y.N. Financial Consulting and Management Ltd. Yair Hamburger serves as Chairman, with his brother Gideon Hamburger as President and sister Nurit Manor as controlling shareholders. The family's concentrated voting power shapes the firm's investment direction.

### How does Harel deploy its insurance float into real assets?

Unlike passive LPs, Harel takes direct co-investment stakes through joint-venture structures. In New York, it partners with SL Green Realty Corp. to own properties including the Pace University dormitory complex in Manhattan. In Europe, it participates in sale-leaseback funds and directly owns a German office portfolio.

### Does Harel invest only in Israel?

No. While Harel operates Gamla Harel Residential Real Estate Ltd. for Israeli residential development and holds the Emek Habacha Wind Farm in the Golan Heights, its investment footprint is transatlantic. The firm holds significant real estate positions in New York City, Houston, Germany, and across Western Europe.

### What infrastructure assets does Harel own?

Harel's infrastructure holdings include the Emek Habacha Wind Farm in the Golan Heights and a stake in the Jerusalem Light Rail expansion project. The firm also maintains exposure to hard commodities including gold and industrial metals.

## Related profiles

- [Hardy Reed](https://altss.com/profile/hardy-reed)
- [Harel Insurance Investments](https://altss.com/profile/harel-insurance-investments)

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Last updated: 2026-06-03T20:00:00.000Z

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