News Release
October 13, 2014 (Houston, TX) - Capstone Associated Services, Ltd. today announced reaching a major milestone with its formation of its 150th captive insurance company. The historic threshold was met with the application to form a Delaware based captive insurance company. “Delaware is our ‘go to domicile’” commented Charles B. Earls, III, Capstone’s President.
Formed in 1998 and now in its 16th year, Capstone offers true turnkey captive planning services to midmarket clients in a variety of industries. “Our clients span manufacturing, distribution, professional services, medical, oil & gas and other extraction industries, and consulting,” commented Earls.
In association with its affiliated law firm, The Feldman Law Firm LLP, clients are offered a “one stop shop” for all captive insurance services. “As a true turnkey organization, we are better able to control the quality of the services provided,” said Capstone CEO and general counsel Stewart A. Feldman. “While clients can choose whatever services they wish, most mid-market companies aren’t interested in hiring a senior executive on staff to coordinate the captive function.”
The offered services include legal (tax, corporate, financing and regulatory services, and tax controversy and estate & gift services), the audit services of independent CPAs, risk managers, actuaries, property & casualty professionals, pooling and third party insurance arrangements and actuaries. Clients are responsible for the investment and banking relationship with of the captive’s assets. Most services are offered in-house. Other services are provided by third parties under Capstone’s and the captive owner’s direction.
“Forming our 150th captive solidifies Capstone’s position as the premier captive planning firm for middle market companies,” Feldman added.
Capstone offers property & casualty insurance arrangements with annual premiums ranging from $100,000 - $20 million per year.
Capstone Associated Services, Ltd. (www.CapstoneAssociated.com) is the most integrated and largest outsourced provider of captive insurance services for the middle market. In association with The Feldman Law Firm LLP (www.FeldLaw.com), Capstone administers property & casualty insurance companies that provide alternative risk financing services throughout the U.S. Now in its CAP_YEARS_SUPER year, Capstone provides turnkey services usually under a joint engagement with its affiliated law firm to manufacturers, distributors, and professional organizations.
Capstone's own staff of insurance professionals includes Chartered Property & Casualty Underwriters, Associated in Risk Management, accountants and administrators, in addition to the affiliated The Feldman Law Firm LLP's tax, corporate, financing and regulatory lawyers, and outside CPAs, risk managers, property & casualty professionals, and actuaries. Together, this team offers middle market companies the most comprehensive risk planning solution available. Today, captives are the premier risk management and risk-financing tool for qualified middle market companies.
To learn more about how alternative risk planning and captive insurance can protect your business from uninsured risks, please complete the short form below or contact us at WEB_TEL.
Editor’s Notes: As of CURRENT_YEAR, Capstone has been operating for CAP_YEARS_NUMBER years and has formed over CAPTIVE_FORMATIONS captives. As of CURRENT_YEAR, The Feldman Law Firm has been operating for LAW_YEARS_NUMBER years and has successfully resolved over TAX_CONTROVERSIES tax matters. As of CURRENT_YEAR the cap on 831(b) captive insurance premiums is CURRENT_PREMIUM_CAP million.
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