Israeli Insurance Executive Kobi Hever Departs Direct Insurance After 8 Years
Kobi Hever is stepping down as CEO of Direct Insurance after an eight-year tenure, during which the company's profits reportedly doubled. However, the company's stock performance has lagged during the same period.
Hever's departure comes amid a broader context of market fluctuations and economic news. The article mentions a surge in oil prices due to a US attack in the Persian Gulf and a decline in Tel Aviv stock trading following Middle East escalation, with the dollar strengthening.
Other financial news highlighted includes Ampa Capital's entry into the mortgage market and its recruitment of a senior executive from Bank Hapoalim. There's also a question posed about whether Bank Hapoalim's investment advisor will recommend the bank's new index to investors.
Additional segments touch upon investment opportunities in Poland, a guide to the S&P 500 index for Israeli investors, and an explanation of how a bank index ETF functions. The article also notes a significant increase in the dollar-shekel exchange rate over the past three decades and legal action by 38 apartment buyers in Netanya who claim they were promised they wouldn't have to complete their deals.
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