CAPE SAL was established in 1987 by Msr. May Ogden-Smith a veteran in the insurance market, Cheikh Walid el Khazen a prominent Beirut lawyer and M. Fadi Romanos a young and dynamic insurance broker. In 1999 the company witnessed a turning point with the appointment as board members of Anthony Naoum a graduate of Concordia University, Canada who held previous positions at the National Bank of Canada and Nasco Karaoglan Group and Samer Nasr a graduate from the renowned Ecole Polythecnique, France with previous positions at UAP and Nasco Karaoglan Group.
In the early years of operation the company mainly concentrated on the more common medical, motor marine and property markets but as of the late 90’s new lines such as engineering, liability and financial risks, transactional risks and aviation were added to keep pace with the changing insurance industry. The track record of CAPE in these less traditional lines is unsurpassed in the region. In the last decade, the company has expanded beyond its domestic market throughout the Mideast, Gulf and Africa. Today, CAPE remain at the forefront of the insurance industry through a large network of insurance and reinsurance partners and a variety of insurance-related products and services.