DavidShield News
2 articles
growth-positive
Israeli regulator grants DavidShield insurance co license
The DavidShield-PassportCard group, jointly controlled by founder Alon Ketzef and US insurance company White Mountains, has obtained approval to operate in Israel as a new digital insurance company. The company will operate digitally and offer real-time policy acquisition, service, and claims settlement through computer or smartphone. Initially, the company will focus on insurance against diseases and hospitalization, with plans to expand its activity later. DavidShield-PassportCard, previously operating as specialized insurance agencies, will now operate as an independent insurance company. The group has international activities and provides medical services to policyholders in over 140 countries. The company joins two other digital insurance companies that have received regulatory approval and are already selling insurance to the general public in Israel.
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growth-positive
White Mountains To Acquire 50% Stake in DavidShield
White Mountains Insurance Group has announced its acquisition of a 50% equity stake in DavidShield, its joint venture partner in PassportCard. DavidShield is a leading provider of expatriate medical insurance in Israel, offering coverage to individuals and corporations. The acquisition will make White Mountains and Alon Ketzef, the founder of DavidShield and PassportCard, 50/50 partners in both businesses. The transaction is subject to regulatory approvals. White Mountains aims to grow the businesses into global leaders in the accident and health market.
Acquisition
