Menora Mivtachim Holdings Ltd. is one of Israel's five largest insurance and finance groups. The group specializes in asset management, manages the largest pension fund in Israel - New Mivtachim', and is the largest General Insurer in Israel and the market leader in Motor Insurance sector. The group manages assets worth about 185 billion NIS. The group operates through its subsidiaries, in all sectors of Life Insurance, Long/Mid/Short -Term Savings, General Insurance and Health Insurance. In addition, the group is active in the capital markets and finance sectors, including Mutual Funds Management, Financial Portfolio Management, Underwriting and worldwide real estate investments. Menora Mivtachim was incorporated in Israel (during the British Mandate) and began its operations in 1935, as an authorized representative of Lloyd's in Israel, and since 1939, as an insurance company. In 1963, Menora Mivtachim Group was acquired by the Fishel Frish family, and has been owned by members of the family ever since. In 1982, a public offering was held on the Tel-Aviv Stock Exchange and the company went public (currently, it is included in the Tel-Aviv 90 and 125 index).