Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) is to buy insurance company Shirbit for NIS 100 million. Negotiations on the deal are in the final stages. Shirbit will apparently continue to operate independently. The deal is subject to regulatory approval. Shirbit, which was founded in 2000, was hit by a serious cyber attack late last year. The company's databases were broken into, and the incident quickly became public knowledge, precipitating a crisis at the company. RELATED ARTICLES Iran targets Israel with growing number of cyberattacks Shirbit operates as a direct insurance company and also through insurance agents. It is active in vehicle insurance, homes, businesses, health and personal accident insurance, overseas travel, and maritime insurance. The company is a fairly large player in engineering insurance. It sold its life insurance business to investment house Psagot for NIS 12.6 million. Published by Globes, Israel business news - en.globes.co.il - on May 5, 2021 © Copyright of Globes Publisher Itonut (1983) Ltd. 2021