Managements Members – Ayalon Holdings
Mr. Levi Yitzhak Rachmani
Mr. Rachmani began his course in the insurance sector at a family insurance agency, "Shlomo Rachmani & Sons Ltd.", which was founded in 1949 by his father, the late Mr. Shlomo Zalman Rachmani (Dermaberdicker). This agency represented, during many years, New Zealand Insurance Co. In 1949, he founded "Ashur Agency for General and Industrial Insurance Ltd." At this agency, Mr. Rachmani developed specialization in professional insurances such as engineering insurance, contractors insurance, liabilities insurance – professional liability, product liability, etc., which are an important part of the Company’s business foundation until this very day.
Mr. Rachmani completed courses and many continuing studies programs at insurance companies and leading reinsurers worldwide.
1. In 1976, he founded Ayalon Insurance Company Ltd., in collaboration with the New Zealand Company.
2. Served during many years as management member at the Union of Insurance Companies in Israel and chairman of the property and engineering sections at the Union.
3. Served during many years as a director at the Avner Corporation and member of the audit committee and reinsurance committee of Avner.
4. Israel's representative at IMIA – International Machinery Insurance Association, which engages and promotes issues in engineering and contractors insurance worldwide.
Mr. Sharon Reich, CPA
Deputy CEO, CFO
Has been serving in this position since November 2010. Graduate of business administration and accounting, Academic Track at the College of Management, CPA. Among his positions, he served as the risks manager at the company and its subsidiaries. Served in the past as deputy CEO accounting at Harel Investments Group. Serves as senior deputy CEO, head of finances division at the subsidiary, Ayalon Insurance Company Ltd., and member of internal credit committee of the instructional bodies at the Ayalon Group. Director at companies of the Group, including: Ayalon Financial Solutions Ltd., Ayalon Trust Funds Ltd., Ayalon Canada Ltd., Ayalon Trustees Insurance Agency Ltd., Ayalon Finances and Investments Ltd., Ayalon Long-Term Saving Ltd., M. Iran Construction and Holdings Ltd. and Ziso Construction and Development Ltd.
Mr. Israel Mosenzon, Adv.
Deputy CEO, Legal Counsel and Company Secretary
Has been serving in this position since April 2007. LL.B. from Hebrew University of Jerusalem, LL.M., Cambridge University, England, and MBA from Tel Aviv University. Holds license to practice law. Among his positions, he served in legal consultation and management positions at law firms, Migdal Insurance and Finances Group, the Avner Insurance Corporation and Tel Aviv Yafo Municipality. Lectures on law at the Faculty of Law, Hebrew University of Jerusalem and the academic track of the College of Insurance. Also serves as Legal Counsel and Company Secretary at companies of the Group: Ayalon Insurance Company Ltd., Ayalon Trust Funds Ltd., Ayalon Financial Solutions (2004) Ltd., Ayalon Blue Leasing Ltd., Ayalon Trustees Insurance Agency Ltd., M. Iran Construction and Holdings Ltd.
Mr. Yehuda Mendelbaum, CPA
Deputy CEO, Internal Auditor
Has been serving in this position since May 2016. Bachelor's degree in economics, Tel Aviv University, and MBA, Bar Ilan University, CPA. Among his roles, he served in finances and auditing positions at the Migdal Insurance and Finances Group. Also serves as the internal auditor at companies of the Group: Ayalon Insurance Company Ltd., Ayalon Trust Funds Ltd., Ayalon Financial Solutions (2004) Ltd., Ayalon Blue Leasing Ltd., Ayalon Trustees Insurance Agency Ltd., M. Iran Construction and Holdings Ltd., Ziso Construction and Development Ltd. Has 19 years of consecutive experience in the insurance field.