# Migdal Insurance Company

Migdal Insurance Company is an Insurance based in Petach Tikva, Israel.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Petach Tikva, Israel
- **Region:** Middle East
- **Address:** Petach Tikva, Israel
- **Founded:** 1934
- **Assets under management:** Undisclosed
- **Website:** migdal.co.il
- **LinkedIn:** linkedin.com/company/migdal-insurance
- **Wikidata:** Q109916378

## Regulatory record

- **Reports private funds:** No

## About

Migdal Insurance Company is based in Petach Tikva, Israel. It manages approximately $90.9 billion in assets across 63 funds, primarily in the Middle East.

## Sectors

- Real Estate
- Private Credit
- Infrastructure

## People

- Shlomo Eliahu — Founder, Controlling Shareholder
- Yossi Baruch — Chief Executive Officer
- Ronni Gamzu — Chairman of the Board

## Questions

### Who controls Migdal Insurance and how is ownership structured?

Shlomo Eliahu is the controlling shareholder of Migdal Insurance & Financial Holdings Ltd. through his private holding entity, Eliahu Issues Ltd. He built his position over a decade, ultimately acquiring full control from previous Italian co-owner Assicurazioni Generali in 2012. The structure places an insurance company with significant public float under the umbrella of a closely held investment vehicle.

### What real estate assets does Migdal hold outside of Israel?

Migdal owns two notable Manhattan office properties: 100 Wall Street and 1350 Avenue of the Americas. These are held directly on the insurance company's balance sheet, reflecting a long-term, buy-and-hold approach to gateway-city commercial real estate. The assets function as an inflation hedge and geographic diversifier against the firm's domestic liability profile.

### Does Migdal operate solely as an insurer or does it have a direct investment mandate?

Migdal operates primarily as a regulated Israeli life and general insurer, but its investment portfolio extends well beyond matching bonds to liabilities. The firm makes direct, concentrated bets in global real estate and has filed claims in distressed situations like the Celsius Network bankruptcy. This blends an insurer's balance-sheet discipline with the opportunistic posture of a family-backed investment office.

### How did Shlomo Eliahu accumulate his stake in Migdal?

Eliahu was already a substantial minority shareholder when Italian insurer Assicurazioni Generali decided to exit its controlling position. He acquired the remaining shares in a transaction completed in 2012, giving him majority voting control through Eliahu Issues Ltd. The deal was one of the most significant shifts in Israeli financial services ownership in the last two decades.

### Is Migdal active in venture capital or startup investing?

Migdal's disclosed investment posture centers on fixed income, real estate, and opportunistic credit. There is no public track record of direct venture capital or Israeli tech-startup investing at scale, which distinguishes it from many other large Israeli institutional pools that actively deploy into the local innovation economy.

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

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