Established in 1974, Arope has become one of the major players in the insurance industry in Lebanon. Since its foundation, Arope has maintained continuous growth and sustained development, backed by a solid financial background and an excellent track of good reputation and credibility. Operating in all lines of insurance, Arope is striving to stay ahead in product development and client servicing.

AROPE Founders in Brief

BLOM Bank s.a.l., holding 88.56% of Arope shares, BLOM BANK s.a.l. was unanimously selected as Best Bank in Lebanon for 2007 by Global Finance. It has won the BANK of the Year award from The Banker, the Best Bank in Lebanon awards from Euromoney and Global Finance as well as the Best Investment Bank in Lebanon award from Euromoney.

BLOM BANK has 50 branches covering major Lebanese regions, an Investment and Private Bank, BLOMINVEST BANK ,and has established in 2006 an Islamic Bank named BLOM  DEVELOPMENT BANK

Outside Lebanon, BLOM BANK operates through a branch in Damascus (Free Zone), Syria, a branch in Limassol, Cyprus, and 5 branches in Amman, Jordan. BLOM BANK has four affiliated banks, BANK OF SYRIA AND OVERSEAS (BSO) with 11 branches covering main Syrian cities, BLOM BANK FRANCE , located in Paris with branches in London, Dubai, Sharjah, and Romania, BLOM BANK (SWITZERLAND)  located in Geneva, and BLOM BANK EGYPT , with 20 branches in Egypt. In addition to having presence in 10 countries, BLOM BANK received in January a license for establishing a financial institution in Saudi Arabia BLOM INVEST SAUDI ARABIA specializing in Investment and Private Banking. It has also got a license for a representative office in Abu Dhabi. It is also expecting a license for a bank in Qatar and Algeria in 2008

BLOM BANK Group offers universal banking services which include Corporate Banking, Retail Banking, Private & Investment Banking and Islamic Banking as well as Insurance products and services through the insurance companies of the group; AROPE INSURANCE in Lebanon and AROPE SYRIA in Syria.

SCOR, holding around 10% of AROPE, is the fifth largest reinsurers in the world with a turnover of over 3 billions US Dollars.

Major Shareholders

BLOM Bank S.A.L. >88%
SCOR Reassurance (France) 10%
BLOM Shareholders <2%

First Class Reinsurers

AROPE business is covered by top international reinsurers including : 

SCOR

MUNICH RE

HANNOVER RE

CCR

GE FRANKONA RE

ARAB RE

Gen RE

Mapfre Re