Smart structure,
CREATIVE SOLuTIONS

As your dedicated partner on every deal, CRS combines a unique entry to Israel’s banking sector, with a broad network of global (Re)insurers. Piece by piece, we put togethe perfect risk transfer and capital relief solutions.

ABOUT US

Leading with innovation

CRS is the (Re)insurance Broker that puts every piece of your (Re)insurance puzzle together. As Israel’s leading credit insurance advisor, we design Risk‑Transfer and Surety solutions that allow (Re)insurers access to well‑structured bank transactions. With unique access to the Israeli market and strong relationships with global (Re)insurers, we make sure that each transaction fits your risk appetite.

10 years of transforming regulatory challenges into strategic capital opportunities

Transactions

Structured solutions to meet your goals

All our existing policies are structured as portfolio quota-share, proportional treaties - pari - passu and pro-rata, with no cherry-picking and a substantial unprotected retention. The treaties allow high diversification and X-sell opportunities.

Housing Bonds

Our Housing Bonds treaties reinsure the statutory bonds that Israeli banks issue on behalf of homebuyers to secure developer payments during construction. Governed by the 1974 Housing Bonds Law, each project’s funds flow through a dedicated bank account monitored daily, with monthly appraisals triggering drawdowns. Collateral typically includes a first lien on land and proceeds, full recourse to the developer, personal guarantees and, where possible, cross-collateralization. Project tenor: 3-4 years. All treaties are led by global AA rated (Re)insurers.

Land Financing

Our Land Financing treaties cover the loans banks extend for land acquisition until construction permits are secured. Loans are backed by a first lien on the land, full recourse, personal guarantees and, when feasible, cross-collateral arrangements, with developers typically contributing 20-30% equity and servicing interest from their own resources. Once a Construction Loan Agreement is signed, the land loan is carved out of cover. Average tenor: 2–3 years. All treaties are led by global AA rated (Re)insurers.

Real Estate Construction financing

Our Performance Bonds treaties reinsure all non-financial guarantees-performance, bid, maintenance and advance-payment bonds-across diverse sectors. Tenor: up to 7 years. All treaties are led by global AA rated (Re)insurers.

Real Estate Construction financing

This is the last piece in the Real Estate construction financing puzzle. Once construction financing agreement has been finalized‭, ‬a committed funded facility is granted to the developer‭. ‬The facility is used for construction costs in line with the project‭ ‬budget‭, ‬controlled by the bank in a single ring-fenced account monitored daily‭, ‬to verify project progression‭. ‬

This is a Quota Share treaty‭, ‬renewed annually and covers both funded and unfunded committed facilities with a term of up to 4‭ ‬years‭.‬

Transactions

COMING SOON...

We are a trusted advisor and thought partner for the banking industry in Israel. We are constantly looking for new ideas and solutions that can create value for our network of clients and partners.

Here are some of the products we are working on and will soon come to market:

Synthetic Securitization of Residential Mortgages

With a market of over US$200Bn equivalent in risk assets, CAGR of 10% and 2bps of historical write-offs, this represents a significant capital relief opportunity for the banks. The solution is insurance based with attractive returns for global (Re)insurers taking XOL risk of mezzanine level exposure. The structure is externally rated by the leading global rating agency and meets Basel guidelines for capital relief.

Commercial Real Estate

Returning to office post-covid and the constantly growing Hi-Tech ecosystem in Israel are driving demand. Banks are mainly focusing on Office buildings and Retail centers financing. These form the Commercial Real Estate credit exposure which amounts to c NIS 150Bn. With strong sponsors, collaterals, moderate LTVs and covenants, these amortizing up to 12 years term loans, present an interesting asset class for (Re)insurers. Structured as an XOL risk with external rating by a leading global rating agency to meet bank capital relief requirements.

WHY CRS?

Connecting it all

In a market defined by regulation, complexity and capital constraints, CRS solves the puzzle. As the broker who connects banks and (Re)insurers, we design surety and reinsurance structures that align risk appetite and capital relief without compromising control. Our unmatched access to Israel’s banking sector and broad network of highly rated (Re)insurers lets us assemble panels and craft deals others can’t. We don’t just navigate constraints - we solve them, turning complexity into strategy.

Immediate access to diversified bank portfolios - Top high‑quality assets across five leading banks, giving (Re)insurers an instant foothold in Israel.

Full transparency throughout the deal lifecycle - Continuous data sharing, regular reporting and clear performance monitoring keep every piece visible.

Deep expertise in the Israeli market - We know the players, regulations and opportunities.

End‑to‑end deal orchestration - From origination and data analytics to documentation and ongoing operations, CRS diligently places every piece of the puzzle.

Tailored surety and (Re)insurance solutions - Housing bonds, land loans, performance bonds and beyond, customized to match your risk appetite and capital goals.

Network of highly rated (Re)insurers - We assemble panels that spread risk across well‑rated partners for balanced capacity.

Cross‑sell potential - Our bank relationships open doors to complementary coverages and growth opportunities.

With CRS, the pieces fit, the capital is optimized, and the risk is aligned-making every transaction stronger and every partnership more profitable.