Insurance in Israel

Goldfarb Seligman & Co.

Goldfarb Seligman & Co.'s 'very business oriented' team focuses primarily on commercial and corporate insurance law, enterprise risk management and class actions involving insurance companies. The team's standout work includes advising Hachshara Insurance Company on a novel agreement for the provision of operational services granted to the life and health insurance divisions of Harel Insurance Co for close to eight years. Rami Sofer predominantly advises insurance companies on M&A, investments and corporate governance. Hagit Blaiberg is often instructed by Israeli and foreign corporates to defend them in class actions. Dafna Lotan Medvejer is another key name and Sagi Kahalani was recently made up to partner.

Practice head(s):

Rami Sofer; Dafna Lotan; Hagit Blaiberg

Other key lawyers:

Sagi Kahalani

Testimonials

‘The people I work with from this firm are very professional, helpful, courteous and very pleasant to work with. I would especially like to mention Rami Sofer, who I greatly appreciate for his professionalism and courtesy.’

‘Rami Sofer and his team are very business oriented with an exceptionally high level of service.’

‘Rami Sofer is one of the best legal service providers I know.’

Key clients

AIG

The Phoenix Insurance Company Ltd.

Harel Insurance Co. Ltd.

Menorah Insurance Company Ltd.

Hachshara Insurance Company Ltd.

Migdal Insurance and Financial Holdings Ltd.

I.D.I. Insurance Company Ltd.

S. Shlomo Insurance Company Ltd.

Inbal Insurance Co. Ltd.

Psagot Provident and Pension Funds Ltd.

Altshuler Shaham Ltd.

Clal Insurance Enterprises Holdings Ltd.

Clal Insurance Company Ltd.

Markstone Capital Group Ltd.

Gama Golan Insurance Agency Ltd.

weSure insurance company Ltd.

Libra Insurance Company Ltd.

Howden Israel Insurance Brokers Ltd.

Shekel Insurance Agency (2008) Ltd.

Lev Hadekel & A.S.L

Ayalon Holdings Ltd.

Work highlights

  • Advised AIG on its exclusivity agreement with Leumi Card Ltd.
  • Advised Hachshara Insurance in relation to a ILS 228m long-term agreement in which Harel Insurance will provide operational services for the life and health insurances services for Hachshara.
  • Advising various leading local and international corporations on commercial insurance, D&O insurance and cyber insurance.

Gross, Orad, Schlimoff & Co.

Gross, Orad, Schlimoff & Co. is best known for representing foreign and domestic insurers and reinsurers in litigation. Among the firm's areas of particular strength, it has a strong track record in D&O liability insurance, cyber insurance, banker's blanket bonds and professional indemnity cases. Harry Orad has considerable experience in insurance law, which includes acting for underwriters and insurers on a global basis regarding complex insurance and reinsurance matters. Sigal Schlimoff-Rechtman specialises in insurance litigation, including the insurance of jewellery, property insurance and medical malpractice claims.

Practice head(s):

Harry Orad; Sigal Schlimoff-Rechtman

Other key lawyers:

Omer Shalev; Noya Yulish; Orit Amiran-Sinn; Maya Salomon; Rena Egulsky

Testimonials

‘Great team. Top professionals in the insurance industry. ’

‘Sigal Schlimoff is the most worthy advocate in the industry. Her pleasant personality combined with deep professionalism is beyond comparison to any other person in any firm.’

Herzog Fox & Neeman

Herzog Fox & Neeman has a very broad practice which advises large multinational and Israeli insurance companies on all facets of their operations, including corporate, regulatory and contentious matters. In a recent highlight, the firm advised Isracard on its entrance into the Israeli insurance field, helping it to obtain a corporate insurance agency licence. Neta Dorfman-Raviv's expertise in the insurance sector is significant, given her involvement in many legislative reforms in the industry over the last two decades.

Practice head(s):

Neta Dorfman-Raviv

Key clients

AIG

Altshuler Shaham

Amitim

Aon

Apax Partners

AXA France

Baloise Insurance

Citi

Coface

Clal Insurance Company

Credit Suisse

David Shield Insurance Agency

Eitam Pension Insurance Agency

Goldman Sacks

Halman Aldubi Investment House

HSBC

Hyperion

IBI Investment House

Idit Allayuf Insurance Agency

Isracard Ltd

JP Morgan

Kal Gemel Ltd

Leumi Bank

Maccabi Health Services

Meitav Dash Investment House

Menora Mivtachim Insurance Company

Menora Mivtachim Pension and Provident Funds

Meuchedet

Migdal Insurance Company

Passportcard Insurance Agency

Phoenix Insurance Company

Psagot Investment House

Servify

Target Care

World Compass

Yalin Lapidot Investment House

Zurich Insurance Company

Work highlights

  • Advised Isracard on its entrance into the insurance market and obtaining a corporate insurance agent licence from the Israeli insurance regulator.
  • Advised leading israeli insurance companies and investment houses with regard to complex matters relating to insurance regulation, including with regard to investment regulatory issues.
  • Advised Maccabi and Meuhedet (HMOs) regarding huge and complex tender offers for the replacement of insurance providers regarding long-term care insurance for the HMO’s members, including various legal matters arising from the replacement of the existing insurers, following the tenders completion.

Kennedys

Boutique insurance firm Kennedys's 'top quality' team attracts a significant amount of international insurance work. The team represents clients in all types of insurance litigation and ADR, including professional liability, cyber insurance, personal injury, construction and D&O claims. Highlights included representing NTA in relation to the insurance law aspects of its major railway projects across Israel, including various torts. Zvika Zelichov  is known for representing insurers and reinsurers before all levels of Israel's court system and in international arbitrations before the ICC and the LCIA. Chaim Zelichov  has standout experience in medical malpractice suits.

Practice head(s):

Zvika Zelichov; Chaim Zelichov

Testimonials

‘The team brings vast experience coupled with clear and imaginative solutions to many insurance issues in Israel.’ 

‘I had only very good experiences working with the Zelichov family prior to it joining forces with Dan and Kennedys, the latter of which I have a lot of UK experience working with in my field of construction and construction liability claims. This association gives them an excellent platform to continue their role as front runners in the legal profession.’ 

‘I can only speak knowledgeably of Chaim and Zvika Zelichov, with whom I think I have an excellent relationship that exceeds our professional respect for one another and extends to great friendship.’

‘In my experience, they are the best insurance firm in the country. Significant depth, and used by all insurers in Israel.’

‘Zvika Zelichov is the managing partner and the best known insurance lawyer in Israel, with tremendous experience. ’

‘The leading Israeli firm for insurance matters, in particular insurance related disputes.’

‘Zvika Zelichov is one of the leading experts in Israel on insurance matters. He is very experienced, well connected and has a great client basis. He is very committed to his cases and will always go the extra mile to serve his clients.’

Key clients

Harel Insurance Company Ltd.

Midgal Insurance Company Ltd.

Menora Insurance Company Ltd.

Clal Insurance Company Ltd.

Intel Electronics Ltd.

Electra Group

Tadiran Group

NTA – The Tel-Aviv Metro

Hadassah Hospital

Shaarei-Tzedek Hospital

Lanyado Hospital

Leumit Sick Fund

Herzliya Medical Centre

GM Midea Refrigeration Equipment

Lehavot Ltd.

Probitas 1842

CFC Underwriters

Allianz Insurance

HDI Insurance

Chubb Insurance

SCOR Insurance Company

Travelers

Ascot Underwriters

QBE

CNA Hardi

Work highlights

  • Representing the insurers of Dorad Power Station in a subrogation claim arising from a major damages claim.
  • Representing Raval ACS Ltd in a claim related to its role of the manufacturer of check valves for Daimler AG, following malfunctions in said valves and a subsequent product recall.
  • Representing Lloyds’ syndicates in a recovery claim against Safdico International, following the loss of a 10.42ct pink diamond with a value of $5.21m.

Levitan, Sharon & Co

Levitan, Sharon & Co's 'brilliant practice' handles a wide range of contentious matters for insurers, including professional negligence, medical malpractice, fraudulent insurance claims and public liability disputes. Sharon Shefer, who leads the oil and gas and jewellers block departments, recently secured a judgment against a diamond thief in Azerbaijan in a high-profile case. Peggy Sharon, current President of the International Association of Insurance Law, specialises in complex insurance litigation. Recently, she represented the insurers in a dispute initiated as a result of the crash of an Israeli satellite in the US. Adv Dror Zamir Dror Zamir stands out for his expertise in insurance mediation. Addy Margalit is another key name.

Practice head(s):

Sharon Shefer; Dror Zamir; Peggy Sharon

Other key lawyers:

Tammy Greenberg; Moshe Abady; Yael Navon; Addy Margalit

Testimonials

‘Levitan Sharon & Co is a brilliant practice combining the highest caliber of legal acumen with intimate hands-on knowledge and experience, backed with commercial savvy.’

‘Any legal advice is fully supported by their commercial experience and industry sector know-how. In my opinion, there is no better or more capable firm in the markets they serve. They are well known and respected both domestically and internationally and they easily merit the numerous accolades they receive.’

‘They are a team in the truest sense of the word and I am certain that their ability to work closely and supportively together is a key part of their formula for success.’

‘Peggy Sharon and Rachel Levitan are outstanding both in breadth and depth of their experience, legal capability, and management.

‘Tammy Greenberg and Dror Zamir are also outstanding partners.’

‘Excellent service, friendly, always direct contact, effective teamworking, efficient approach, to the point, always available.’ 

Key clients

Migdal Insurance Company

A.I.G. Israel Insurance Co.

Ayalon Insurance Co.

Bituach Haklay Insurance Co.

Kanat, Fund for Natural Disasters

Menora Mivtachim Insurance

Q.B.E. European Division

A.I.G. Group U.K.

Chubb European Group S.E.

Clyde & Co.

Renaissance Re

AXA

Generali

H.C.C. – Tokio Marine – Barcelona

Zurich Insurance

Beazley Group

Work highlights

  • Represented Menora Insurance, HDI and Allianz in a fraudulent insurance claim involving staged robbery and alleged theft of diamonds.
  • Represented Clal (D&O insurers) in a bondholders’ trustee claim for mismanagement of the company which led to liquidation thereof.
  • Represented The Israeli Phoenix in a settlement of a claim for bodily injuries caused by a gas explosion in a residential building.

Naschitz, Brandes, Amir & Co.

Naschitz, Brandes, Amir & Co. specialises in insurance torts, including professional negligence, public liability and personal injury cases, in which it acts for insurers and reinsurers across Israel. In one ongoing mandate, the team is representing ISS Israel and its insurer in a $23m claim regarding property damages and loss of profits caused by a fire in Carmelit underground station. Gil Atar has a strong track record in personal injury and property damage claims, including major class actions. Tamar Kareth handles a varied caseload and Shay Cohen is another key name.

Practice head(s):

Gil Atar; Tamar Kareth

Other key lawyers:

Neta Heichal-Yassur; Shay Cohen

Testimonials

‘I have instructed Naschitz, Brandes, Amir & Co in large loss public and product liability claims for seven years. The firm have fabulous expertise and response times are efficient. They are client friendly and have significant depth of experience. They also handle claims in a commercial and cost efficient manner.’

‘Gil Atar and Shay Cohen are strong decisive lawyers. Gil always displays a comprehensive technical understanding of claims and is commercially astute regarding the needs of both insurers and our clients. Shay is technically sound and cuts quickly to the key issues. Both lawyers bring a calm and pragmatic approach to our claims and are a delight to work with.’

Key clients

Afcon Control & Automation

Zurich Insurance

Yanai Engineering

Clal Insurance

Caesarstone

Cellcom

Phoenix Insurance

Harel Insurance

AIG

Redymix

Haifa Chemicals

Clalit Health Services, HMO.

DTW Syndicate 1991 (Lloyds)

Prizma Industries

Hadera City Counsel

Medical Consultants International

Steadfast Insurance

Ayalon Insurance

Menorah Mivtachim Insurance

Ingosstrakh Insurance

Maccabi Haifa

Ashdod Port

PCB Technologie

Modi’in Ezrahi

Work highlights

  • Representing Zurich Insurance in an $85m claim in which the claimants assert that the groundwater flooding incident that occurred on the construction site of the project on March 9, 2015 has caused direct and indirect physical damage.
  • Representing Afcon Control & Automation in a $100m claim brought by Rotem Amfert Negev and its insurer, alleging that negligent manufacturing and instalments caused a fire at Rotem’s factory.
  • Representing Prizma Industries and its insurer Clal Insurance in a $100m lawsuit against Prizma and 17 other defendants, regarding a fire at the plaintiff’s factory.

S. Horowitz & Co

S. Horowitz & Co has an exceptionally diverse insurance practice; it handles contentious, transactional and regulatory work for major international and domestic insurance companies. On the contentious side, the firm is often involved in subrogation claims and class actions involving allegations of fraud or breach of good faith and fair dealing. In terms of non-contentious work, the firm advises clients on M&A, divestitures of their shares, corporate restructuring and insurance tenders, among others. 'Smart and tenacious' attorney Avi Ordo remains very active in product liability and professional negligence cases. Ehud Arzi is best known for representing clients in commercial insurance disputes. Moran Katz specialises in product liability and professional negligence disputes.

Practice head(s):

Ehud Arzi; Avi Ordo

Other key lawyers:

Moran Katz; Alex Hertman

Testimonials

‘S. Horowitz & Co is the most trustworthy firm in Israel to us.’

‘I appreciate the great work of Avi Ordo and Moran Katz. They are smart, tenacious and sincere, handling multiple large cases in parallel. They kindly take into account our position and provide good advice even if plaintiffs or co-defendants raise difficult issues.’

‘The team is very supportive, available to us 24/7 and gives us the feeling that we have a legal partner at any time. We also feel that, apart from the legal aspect, the team has a broader business view than other firms, and helps us understand the potential exposures of any legal action so we can take the right decision from our side.’

Key clients

The Phoenix Insurance Company Limited

AIG Europe Limited, AIG Europe (Services) Limited

HDI Gerling

Allianz

Marsh Ltd.

Maccabi Health Services

SPX Cooling Technologies Belgium

Hadassah Medical Organization

Ackerstein Industries Ltd.

Technolite Limited

Tridonic

KodKod Marketing Ltd.

Toyota Motor Corporation

Max Weishaupt GmbH

General Electric Corporation

Al-Esh protection and safety Ltd.

Cohen-Givon Insurance Agency

Ambridge Europe Limited

Lloyd’s Register Verification Limited

Wobi Insurance Agency Ltd.

LG Chem. Ltd.

Bank Hapoalim Ltd.

Mizrahi-Tefahot

Israel Discount Bank Ltd

Smet – Groundwater Technics

Work highlights

  • Representing Marsh in a NIS303m lawsuit filed by Israel Aircraft Industries (IAI) relating to insurance payments that are owed to IAI as a result of the total loss of the “Amos 6” Satellite that exploded on September 1, 2016.
  • Representing AIG Europe Limited and AIG Europe (Services) Limited in two proceedings related to the Prospectus published by the Canadian construction and infrastructure company, Urbancorp Inc., and to the events that occurred in proximity to the company’s entry into insolvency proceedings.
  • Representing Max Weishaupt GmbH and Al-Esh protection and safety Ltd. in a NIS360m lawsuit filed against them (and 15 additional defendants) last year by Rotem Amfert Negev Ltd., the owner and operator of a large fertilisation factory, and its insurer, Migdal Insurance Company Ltd., concerning a massive fire which broke out in Rotem’s factory.

Elrom, Rom, Salomon and Co

Elrom, Rom, Salomon and Co specialises in contentious insurance law. Its range of work encompasses medical negligence, personal injury and malpractice claims, in which it tends to act for defendants. Qualified mediator Avi Elrom specialises in medical negligence claims and mass torts.

Granot Speiser Law Office

Granot Speiser Law Office's 'very professional' team focuses on contentious and non-contentious insurance law, including D&O liability, professional negligence and product liability litigation. In addition, the team specialises in monitoring high-profile claims in the insurance industry, including criminal investigations, and producing risk assessments for clients. Shai Granot has a wealth of experience in commercial insurance disputes. Tom Neumann is also noted.

Practice head(s):

Shai Granot

Other key lawyers:

Tom Neumann

Testimonials

‘Shai Granot is very professional, has the ability to foresee several steps ahead, and draws the strategic and tactical path of the case accordingly. For me as a client it is crucial to feel the confidence that our case is being led and handled by the best lawyer, as I feel with Shai, and to know that Shai has a total commitment to achieving the best possible results for us.’

‘Shai Granot – knowledgeable, efficient and quick to respond.’

‘We are very happy to work with the firm, and very satisfied with the service we get. The level of service is excellent. ’

‘Shai is an outstanding lawyer, and a real expert in commercial litigation and in insurance law.’ 

‘Adv. Shai Granot is a brilliant lawyer, definitely one of the leading individuals in Israel, both as a litigator and as an insurance expert. He is very creative, super-professional, always able to see the big picture, while being aware of all of the small and relevant details.’ 

‘Granot Speiser is a very experienced firm that is very skilled in its areas of work.’ 

Work highlights

  • Advising Harel Insurance Company in relation to claims, reinsurance and underwriting matters relating to the collapse of Alon Oil Company and its subsidiaries.
  • Representing Dual Corporate Risks Limited – the lead insurer of Ratio, and by the secondary insurers, as the monitoring lawyers, in three different cases/claims regarding Ratio and its subsidiaries.
  • Representing several insurers in all claims related to Hagshama, its subsidiaries and its D&Os.

Lipa Meir & Co

Lipa Meir & Co focuses primarily on advising insurance companies in relation to credit insurance, class actions, product liability cases, corporate transactions and many other facets of their day-to-day operations. Gad Azor is best known for handling transactions between clients in the insurance industry, including the purchase and sale of equity and the sale of insurance portfolios. Yariv Shalom is regularly instructed by major healthcare insurance companies to assist them with credit and factoring transactions, among various other related matters. Gary Copelovitz is also highly regarded for his diverse expertise in the field of medical insurance.

Practice head(s):

Gad Azor; Yariv Shalom

Other key lawyers:

Gary Copelovitz

Key clients

Menorah Mivtachim

Clalit Health Services

Clal Insurance Company

Kibbutz Yifat

Bituach Haklai Central Cooperative Society

Netafim

Ayalon Insurance Company

Atudot Havatika

Work highlights

  • Represented Menorah Mivtachim in various high profile matters, including proceedings challenging the Ministry of Finance’s decision to invalidate collective nursing care insurance policies, leaving many workers without coverage.
  • Assisting Clalit Health Services with the implementation of its its insurance plans and insurance policies, with a cumulative value of over NIS2bn.
  • Representing Bank Mishkan, part of the Bank Hapoalim Group, in various legal proceedings against mortgage-takers regarding the critical question of who is obligated to insure properties.

M. Firon & Co Advocates and Notaries

M. Firon & Co Advocates and Notaries's team specialises in class actions,  investments and commercial agreements involving insurance companies. In a recent highlight, the team represented Clal Insurance in over ten class actions, including a case involving an alleged international scheme to conceal the existence of students' insurance from parents. Yossi Halevy acts for various insurance organisations in Israel, including The Israel Insurance Association, in relation to various regulatory and contentious matters.

Practice head(s):

Yossi Halevy

Key clients

AIG

I.D.I Insurance Company Ltd.

The Phoenix Insurance Company Ltd.

Harel Insurance Company Ltd

Clal Insurance Company Ltd.

Migdal Insurance Company Ltd.

Menora Mivtachim Insurance Company

Hachshara Insurance

Libra Insurance Company

Israel Insurance Association (RA)

Association of Life Insurance companies of Israel Ltd.

The Managing Corporation of Compulsory Vehicle Insurance (Pool) Ltd.

Madaness Insurance Agency

Work highlights

  • Representing AIG, Hachshara, Shlomo Insurance and Libra in various class actions suits (against different companies) worth over $820m, seeking premium refunds due to the impact of Covid-19.
  • Representing the Israel Insurance Association in all matters including disputes vis-à-vis the regulator and the legislator.
  • Advising Harel Insurance Company on the finance agreement and project agreement with the entrepreneur, EDF, a daughter company of the French Electric company, regarding the photo voltaic power plant in Ashalim.

Yigal Arnon & Co

Yigal Arnon & Co's 'highly capable team' specialises in insurance regulation and litigation proceedings, including matters before the Supreme Court. Particular areas of expertise include medical malpractice claims, subrogation claims and class actions. 'Great litigator' Barak Tal has a wealth of experience in class actions and regulatory proceedings before the Insurance Supervisor. Yoran Gill often represents clients in complex insurance litigation and arbitration. Elad Offek is the name to note at associate level.

Practice head(s):

Barak Tal; Ido Chitman; Yoran Gill

Other key lawyers:

Elad Offek

Testimonials

‘Yigal Arnon is a firm with unique experience and knowledge in the insurance and pension industry.’ 

‘Barak Tal is a great litigator who knows how to formulate a comprehensive argument in a very readable way.’

‘The main characteristic of the Yigal Arnon team is its very strong professional knowledge and performance, including its ability to examine things in-depth in detail but at the same time stay focused on the bigger picture.’ 

‘On top in terms of their professional capabilities – very service oriented, available almost 24/7 for us, always patient with us.’ 

Key clients

Clal Insurance Enterprises Holdings Ltd.

Harel Group

Menora Mivtachim Insurance Ltd.

Israel Insurance Association

Migdal Group

Phoenix Insurance Company Ltd.

Shomera Insurance Company Ltd.

Meitav Dash Gemel and Pension Company Ltd.

The Israel Electric Corporation Ltd.

Siemens AG

Bazan Oil Refineries Ltd.

Work highlights

  • Representing five major insurance companies (Phoenix, Clal, Migdal, Menora and Harel) in a further hearing in front of seven justices in the Supreme Court, dealing with precedential legal questions that could potentially affect the legal practice in the field of insurance in Israel.
  • Representing the Israel Insurance Association in an administrative petition to the Jerusalem District Court against the decision of Moshe Bareket, the Head of the Capital Markets, Insurance and Savings Authority, to allow non-bank credit companies Max and Isracard to enter the insurance selling market in Israel.
  • Representing Menora Mivtachim Insurance in a motion to certify a class action against it alleging that Menora collects insurance premiums in a manner contrary to the details of the insurance premiums presented on the insurance page provided to the insured.