More than 40 deals since the start of the year: The money machine of insurance agencies exposed

Globes reveals that the insurance agency sector in Israel has become a hot hit, with more than 40 acquisition deals since the start of 2026. The number of agencies owned by institutional entities has jumped by 50% to 160, and the annual deal volume is estimated at half a billion shekels. Phoenix leads with 30 acquisitions since 2023.

Globes reveals that the insurance agency sector in Israel has become a hot hit in the capital market, with more than 40 acquisition deals since the start of 2026 alone. The article presents exclusive data on the golden age of the industry: the number of agencies owned by institutional entities has jumped by 50% to 160, and the total annual deal volume is estimated at half a billion shekels. Phoenix leads the trend with 30 acquisitions since 2023 worth at least one billion shekels, including the acquisition of Agam Leaders. Migdal has made about 28 acquisitions, and Menora shows double-digit activity. The article describes how insurance agents have become multi-millionaires, such as Itzik Oz who sold his stake in Agam-Leaders for nearly one billion shekels. Alongside the enthusiasm, some warn of excessive concentration that could reach cartel territory.