Phoenix Expands P&C Business by Providing Reinsurance for Israeli Market
Phoenix Expands P&C Business by Providing Reinsurance for Israeli Market
The transaction enables Phoenix to expand its P&C operations while maintaining financial robustness
此次交易使得凤凰能够扩展其财产和意外保险业务，同时保持财务稳健。
The transaction builds on international rating, market leadership, and financial strength to develop new business
此次交易基于国际评级、市场领先地位和财务实力，以发展新业务。
By transferring 75% of Ayalon Insurance's outstanding claim portfolio, the company achieves growth without impacting solvency or requiring additional capital
通过转让阿亚隆保险公司75%的未决索赔组合，公司实现了在不影响偿付能力或不需要额外资本的情况下的增长。
TEL-AVIV, Israel, Dec. 16, 2024 /PRNewswire/ -- Phoenix Financial Ltd., a leading Israel-based financial, insurance, and investment group (TLV:PHOE) ("Phoenix," the "Group," or the "Company"), today announced a key Loss Portfolio Transfer (LPT) reinsurance agreement with Ayalon Insurance Company Ltd., advancing its strategy to expand its Property and Casualty (P&C) insurance operations.
以色列特拉维夫，2024年12月16日 / PRNewswire / -- 凤凰金融有限公司，作为以色列领先的金融、保险和投资集团（TLV:PHOE）（“凤凰”，“集团”或“公司”），今天宣布与阿亚隆保险公司达成重要的损失组合转让（LPT）再保险协议，推进其扩展财产和意外保险（P&C）业务的策略。
The agreement covers 75% of outstanding claims in an employer's and third-party liability portfolio valued at approximately NIS 930 million from underwriting years 2010 to 2022.
该协议覆盖2010至2022年承保年份约93000万新谢克尔的雇主与第三方责任组合中的75%未决索赔。
The transaction allows Phoenix to grow its P&C operations without affecting solvency or requiring additional capital, building on its strong financial position while increasing exposure to the P&C sector. The agreement is facilitated by Phoenix Insurance's international rating, which allows Phoenix to provide reinsurance in the Israeli market.
此次交易允许凤凰在不影响偿付能力或不需要额外资本的情况下，扩大其P&C业务，建立在强大的财务基础上，同时增加对P&C板块的曝光。该协议得益于凤凰保险的国际评级，使凤凰能够在以色列市场提供再保险。
Growing P&C activities through reinsurance is aligned with Phoenix's long-term strategy of enhancing its presence in P&C while ensuring sustainable and profitable growth.
通过再保险扩大P&C活动与凤凰的长期策略一致，即在确保可持续和盈利增长的同时增强在P&C的市场存在。
The transaction is subject to regulatory approval by the Commissioner of the Capital Market, Insurance, and Savings Authority.
该交易需经资本市场、保险和储蓄管理局局长的监管批准。
Eyal Ben Simon, CEO of Phoenix Financial:
凤凰金融的首席执行官Eyal Ben Simon：
"The LPT agreement with Ayalon is a milestone in the Israeli market, allowing us to grow strategic P&C activities based on our strong market position and Solvency, without requiring additional capital. As an innovative reinsurance structure between two Israeli insurance companies, this transaction demonstrates our ability to achieve wholesale operational growth in P&C with attractive economics while maintaining financial stability."
“与Ayalon的LPt协议是以色列市场的一个里程碑，使我们能够在强大的市场地位和偿付能力基础上，发展战略性的财产与意外险业务，而无需额外的资本。作为两个以色列保险公司之间的一种创新再保险结构，这笔交易展示了我们在财产与意外险领域实现批发运营增长和吸引经济的能力，同时保持财务稳定。”
About Phoenix Financial
Phoenix Financial Ltd. is a leading Israel-based financial, insurance, and investment group traded on the Tel Aviv Stock Exchange (TASE: PHOE). Group activities include multi-line insurance, asset management, credit, and financial product distribution, and have demonstrated strong growth and performance across the cycle. Phoenix serves a significant portion of Israeli households with a broad set of activities and solutions across businesses and client segments. Managing $130 billion in assets, Phoenix accesses Israel's vibrant and innovative economic activity through a robust investment portfolio, creating value for both clients and shareholders.
关于凤凰金融
凤凰金融有限公司是一家总部位于以色列的金融、保险和投资集团，在特拉维夫证券交易所上市（TASE：PHOE）。集团的业务包括多元化保险、资产管理、信贷和金融产品分销，并在整个周期中表现出强劲的增长和业绩。凤凰金融为以色列众多家庭提供了一系列广泛的活动和解决方案，覆盖多个业务和客户细分市场。管理1300亿的资产，凤凰金融通过强大的投资组合参与以色列充满活力和创新的经济活动，为客户和股东创造价值。
SOURCE Phoenix Financial Ltd.
来源：凤凰金融有限公司。
