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Israel Bonds Insurance Division Luncheon Results in Record $44.6 Million in Bond Investments

250 people gathered on November 10th at Pierre Hotel in New York to honor Ronald Joelson, Northwestern Mutual and Stephen Ungar, AmTrust Financial Services, Inc.
 
NEW YORK—On Tuesday, November 10th, 250 industry professionals and Israel Bonds supporters gathered for the annual Israel Bonds Insurance Division luncheon at the Pierre Hotel in New York City. This year’s luncheon honored Ronald Joelson, Executive Vice President and Chief Investment Officer of Northwestern Mutual, and Stephen Ungar, Senior Vice President, Secretary and General Counsel of Amtrust Financial Services, Inc. The event resulted in $44.6 million in Israel bond investments, a new record for the annual luncheon.
 
The luncheon, which was co-chaired by Nat Perlmutter and Martin Minkowitz, was also addressed by New York City Comptroller Scott Stringer. Stringer noted the support that the insurance industry has given to Israel through Israel bonds investments, and the fact that the city of New York has been a consistent investor in Israel bonds. Current New York City Israel bonds holdings are $50 million.
(L-R): NAT PERLMUTTER, INSURANCE DIVISION CO-CHAIR; RONALD JOELSON, HONOREE; STEPHEN UNGAR, HONOREE; MARTIN MINKOWITZ, INSURANCE DIVISION COCHAIR. (PHOTO: SHAHAR AZRAN) (For Public Relations and Marketing use only. Not for any additional use unless a written permission granted by SA PRO, Inc.)
(L-R): NAT PERLMUTTER, INSURANCE DIVISION CO-CHAIR; RONALD JOELSON, HONOREE;
STEPHEN UNGAR, HONOREE; MARTIN MINKOWITZ, INSURANCE DIVISION COCHAIR. (PHOTO: SHAHAR AZRAN) (For Public Relations and Marketing use only. Not for any additional use unless a written permission granted by SA PRO, Inc.)
 
More on Israel Bonds
Israel bonds are debt securities issued by the government of Israel. Israel Bonds is also the commonly known name of the Development Corporation for Israel (DCI), which underwrites the bonds in the United States. DCI is a Financial Industry Regulatory Authority (FINRA) member broker-dealer. The bonds can help preserve capital, diversify personal or corporate investment portfolios, and provide protection from market fluctuations. Israel bonds are versatile securities that currently pay strong rates.
Capital provided through the sale of Israel bonds has helped strengthen every aspect of Israel’s economy, enabling the development of key national infrastructure. Today, expanded ports and transportation networks help facilitate the shipment of “Made in Israel” technology around the world, enhancing national export growth. Capital accrued through the sale of Israel bonds has enabled cutting-edge innovation that saves lives and changes the world on a daily basis.