weSure News
17 articles
3 Undiscovered Gems in Middle East to Enhance Your Portfolio
Bawan Company, a key player in the Middle Easts building sector, has demonstrated promising growth with its earnings increasing by 11.8% over the past year, surpassing industry peers. The companys net income for Q2 2025 rose to SAR 50.37 million from SAR 23.12 million a year earlier, indicating a solid performance boost. Despite a high net debt to equity ratio of 109.3%, Bawans interest payments are well covered, showcasing financial resilience. The company is undergoing strategic leadership changes, with Mr. Ziyad Abdullatif Al-Barak set to become Acting CEO later this year.
Management Changes
Discovering Undiscovered Gems in Middle East Stocks September 2025
I.D.I. Insurance Company Ltd., an Israeli company, offers a range of insurance products and services to both individual and corporate clients. The company has shown a strong financial performance with a significant increase in net income and earnings per share in Q2 2025. Despite not surpassing the industry average earnings growth, I.D.I. Insurance remains debt-free, a notable improvement from a debt-to-equity ratio of 74% five years ago. The companys price-to-earnings ratio is lower than the market average, suggesting potential undervaluation. This positions the company well in the volatile market environment, indicating a growth-positive outlook.
Deal gives Hourly shareholders nearly half the new company as it eyes American market expansion.
WeSure US has announced a merger with fintech company Hourly, founded by Israeli entrepreneur Tom Sagi. Hourly, which specializes in payroll management services for small and medium-sized businesses, will become a wholly owned subsidiary of WeSure Global Tech. The merger includes an additional $10 million investment from existing investors and WeSure shareholders, valuing the combined company at $53 million. Hourly shareholders will receive approximately 49% of WeSure USs share capital. The merger aims to expand WeSures operations in the US and leverage synergies in payroll management and insurance solutions.
Acquired-byInvestment
AmTrust to invest for 15% stake in digital insurance co weSure
US insurance and financial giant AmTrust is investing NIS 72.6 million in Israeli digital insurance company weSure Global Tech. The investment will be made in two stages, with an initial NIS 16 million for a 5% equity stake, followed by an additional NIS 21 million to increase the stake to 10%. AmTrust will also convert an existing loan of NIS 35.6 million into ordinary shares. This could eventually increase AmTrusts stake in weSure to 15.3%. The deal is expected to strengthen weSures equity, reduce its financial leverage, and enhance cooperation with AmTrust.
InvestmentPartners
weSure Digital Launches Innovative Commercial Insurance Product in its First US State
weSure Digital Insurance Services, Inc., the US subsidiary of WeSure Global Tech Ltd, has launched a fully digital insurance offering in the US, starting with a Business Owners Policy (BOP) packaged Property & Liability insurance product in Ohio. The company plans to expand to additional US states and introduce more products throughout 2023. The digital BOP product can be purchased and managed online by retail agents, wholesalers, and small business owners. This marks weSures entry into the US Property & Casualty Insurance market. The company has also announced leadership appointments, including a new CEO, Chief Insurance Officer, and Chief Strategy & Commercial Officer. weSure aims to become one of the leading digital commercial insurance providers in the US and globally.
CustomersPartnersInvestmentManagement Changes
ווישור אימצה דוח ש"זיכה" את בכירי איילון בפרשת רכבי הטוטאל לוס
Israeli insurance company Ayalon is facing legal and regulatory issues over the sale of cars that were supposed to be scrapped but were instead sold to junkyards under a classification that allowed their sale as spare parts. The Capital Market Authority, which exposed the process in May 2021, has yet to submit its final report, which is expected to include a heavy financial penalty for the company. Ayalon will also likely have to deal with a class action lawsuit following the exposure of the affair. A request for a class action lawsuit of 2.5 million shekels was filed against Ayalon at the end of March.
CustomersManagement Changes
העסקה הושלמה: ווישור הפכה לבעלת השליטה באיילון
Digital insurance company Wishor has acquired a controlling 67% stake in Ayalon for 448 million shekels. The acquisition was financed through an investment of 20 million shekels by the Ben Yishai family for approximately 3.7% of the shares and a loan of 90 million shekels from a banking corporation. The combined operations of Wishor and Ayalon are expected to make the company a dominant player in the Israeli market, with an estimated annual gross premium volume of about 3.5 billion shekels.
AcquisitionInvestment
יוחנן דנינו, יו"ר Wesure Global Tech מוסר ל-FUNDER: "בתקופה הקרובה בכוונתנו להשיק בישראל מגוון מוצרים לבתי עסק"
קיסריה אלקטרוניקה תצטרף לגרעיון השליטה בווישור
Digital insurance company weSure Global Tech is preparing to complete the acquisition of insurance company Eyalon. The deal, which is set to be completed by June 30, 2022, will see weSure Global Tech acquire about 67% of Eyalons shares for a total of about 462.7 million shekels. As part of the updated agreement, Caesarea Medical Electronics will invest about 270 million shekels in weSure Global Techs share capital. The company is currently in talks with several parties to complete the financing of the deal.
Acquisition
ווישור מחפשת פתרונות שיאפשרו רכישת השליטה באיילון
WeSure, a digital insurance company, is seeking to acquire a controlling stake in Eyalon. The deal, which was signed in June, would see WeSure purchase approximately 67% of Eyalons shares for 472 million shekels. The acquisition is currently under review by the regulatory authority, and alternative solutions such as a merger or the conversion of the acquiring company into a private company are being considered. WeSure and Eyalon operate in similar fields, making the integration of Eyalons activities into WeSure easier compared to the Alrov-Kalcal deal. Since the announcement of the acquisition, WeSures stock has lost approximately 30% of its value.
Acquisition
ווישור בדרך לרכוש עוד כ-17% מאיילון תמורת 181 מיליון שקל
Digital insurance company, WeShore, is nearing a 67% stake in Ayalon Insurance. WeShore previously agreed to acquire 50.4% of the company and has now received approval from the founders estate to acquire the remaining shares. The total consideration for the acquisition is approximately 472 million shekels. The deal is still pending regulatory approvals. WeShore plans to integrate its digital infrastructure into Ayalon Insurance to create a significant platform for international markets.
Acquisition
Insurtech company WeSure boosts portfolio with $110 million acquisition of Ayalon
WeSure, an Israeli insurtech company, is acquiring a controlling stake in insurance company Ayalon for NIS 354 million ($110 million). WeSure is buying 50.4% of the shares at a NIS 700 million ($216 million) valuation. The acquisition is expected to have a positive impact on WeSures growth. WeSure recently obtained a license to operate in New Jersey and plans to expand into other states. The companys revenue in Q1 2021 grew by 113% year-on-year, and it registered a profit compared to losses in the same period last year. WeSure is traded on the Tel Aviv Stock Exchange.
Acquisition
Israeli insurtech co WeSure receives New Jersey license
Insurance company WeSure Global Tech has received a license to sell insurance products in the state of New Jersey, marking its expansion into the US market. The company had previously raised funds through an IPO on the Tel Aviv Stock Exchange, with the intention of entering the US market. Other digital insurance companies with Israeli connections, such as Lemonade, Hippo Insurance, and Next Insurance, are also active in the US market.
Public Trading
Digital insurance co WeSure raises NIS 85m in TASE IPO
WeSure Global Tech, the parent company of digital insurance company WeSure, has raised NIS 85 million in an IPO on the Tel Aviv Stock Exchange. The company plans to expand its operations to the US and Europe. Despite achieving a lower valuation than desired, WeSure has more than tripled its valuation in three years. The funds raised will be used to accelerate the companys business development plan and increase its market share in Israel, as well as prepare for entry into the US and European markets.
InvestmentPublic Trading
Digital insurance co WeSure files to raise NIS 100m on TASE
WeSure Global Tech, the parent company of digital insurance company WeSure, plans to expand its operations to the US and Europe. They have published a prospectus for an IPO on the Tel Aviv Stock Exchange, aiming to sell a 20% stake for NIS 100 million at a company valuation of NIS 500 million. The IPO is intended to support WeSures international expansion plans. The companys last financing round was in 2018, raising money at a valuation of NIS 114 million.
Public TradingInvestment
חברת הביטוח הדיגיטלי ווישור בדרך להנפקה לפי שווי של 200 מיליון דולר
ווישור, a digital insurance company, is planning to go public on the Tel Aviv Stock Exchange and is also considering an IPO on the NASDAQ. The company aims to raise $50-30 million, based on an estimated company valuation of around $200 million. Despite the COVID-19 crisis, ווישור reported a profit of 2.1 million shekels in the third quarter, a 126% increase compared to the same period in 2019. The company recently launched its digital insurance services and is planning to open branches in Europe, the United States, and Africa in 2021.
Public TradingInvestment
Israeli insurtech startup WeSure hoping to follow in the footsteps of Lemonade and Hippo
Israeli insurtech firm WeSure is seeking to raise $60m at a $200m valuation to fund its expansion into the US market. The company is also considering an initial public offering (IPO) as part of the funding round, which is being underwritten by Poalim IBI. WeSure has already begun preparing the regulatory infrastructure required to operate in the US and has hired consulting firm McKinsey & Company to assist in the process. The company reported income of around $5m in H1 2020, compared to $3.8m in the first six months of 2019.
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