Lebanon - AROPE enters strategic partnership with local parties to boost distribution

Source: Middle East Insurance Review | Nov 2016

AROPE Insurance has announced its strategic partnership with BoB Finance, in collaboration with Beirut Brokers, in the presence of Mr Fateh Bekdache - Vice Chairman and General Manager of AROPE Insurance, Mr Michael Abdelnoor - BoB Finance Managing Director and Mr Pierre Talhami - Beirut Brokers General Manager.

In his speech, Mr Bekdache said the objective of this collaboration is to expand AROPE insurance’s activity locally and boost the availability of selected insurance solutions, in particular highly on-demand and compulsory policies, making the buying process easier and more convenient for customers, thanks to BoB Finance’s wide network of more than 700 branches spread throughout the Lebanese territory.

In the first half of 2016, AROPE’s total written premiums and net profits reached US$65.7 million and $8.3 million, respectively.

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