Hackmey commenced his insurance career in 1968 with the Israel Phoenix Assurance company. After seven years he was appointed by the board of directors as chief executive officer of the Phoenix. Four years after he appointed as CEO the Phoenix profits multiplied by five times. He was elected chairman of the Israeli Insurance Association twice and Chairman of the Israeli Life Offices Association twice. When his father died in 1991, Hackmey succeeded him as the Chairman of Israel Phoenix. In 2002 Hackmey and his sister sold their stake of 56.8% in the Israel Phoenix Assurance company, for 314 million US$. At the time, it was the third largest insurance company in Israel. It was sold to the brothers in law, Ya'akov Shahar and Israel Kez, the importers of Volvo cars to Israel and the owners of Maccabi Haifa football team.
