Capstone Forms 100th Captive Insurance Company

Jan. 22, 2011 - PRLog -- Houston, TX, January 22, 2011 -- Capstone Associated Services, Ltd. announces the formation of its 100th captive insurance company.  Capstone formed its first captive in 1998 and has since formed captives for a wide variety of middle market businesses with headquarters throughout the United States.

“Our continued growth is a reflection of the broadening acceptance of alternative risk planning beyond the larger, publicly held companies where captive planning is commonplace,” says Stewart Feldman, CEO of Capstone.  “Forming a captive may be one of the best risk management and financial planning tools available for middle market businesses.”

Capstone's clients use alternative risk financing strategies to reduce insurance costs, improve risk management, customize coverages and increase cash flow. Today, Capstone is proud to be the nation's premier provider of turnkey captive insurance services to middle market companies, offering turnkey services with our related law firm.

“We’ve come a long way since forming our first captive 14 years ago,” exclaims Feldman. “Today we operate captives for clients located from the east coast to the west coast, and from the Canadian boarder to the Gulf of Mexico.  And we still operate the very first captive we formed back in 1998.”

Already thousands of businesses representing industries such as manufacturing, fabrication, distribution, medical, finance and construction, now participate in alternative risk planning to better insure the risks of its affiliates.  Even Google and the U.S. government operate their own captives.  For example, the risks of the contractors excavating the remains of The World Trade Center site were borne by a government-sponsored captive.

“Over 90% of Fortune 1000 companies and many successful mid-market companies have captives,” says Lance McNeel, Capstone’s Director of Insurance.  “An estimated 50% of all property & casualty premiums are written through captives.”

Surge In Delaware Formations
Capstone is among the top captive management firms licensed in the State of Delaware, whose captive legislation is tailored for middle market captives.  "Beginning in 2009, we significantly expanded our domestic captive formations after becoming a licensed captive manager in Delaware," explained McNeel.  Capstone is also a licensed captive manager in Anguilla. "Our willingness to establish staffed offices in the best jurisdictions – both in the U.S. and in British territories –reflects how we meet our clients' needs, whenever and wherever it makes the most sense."

About Capstone
Capstone Associated Services, Ltd. is the most integrated and largest outsourced provider of captive insurance services for the middle market. Jointly with their affiliated law firm, The Feldman Law Firm LLP, www.feldlaw.com, Capstone administers property & casualty insurance companies that provide alternative risk financing services to their affiliates.  Capstone’s clients are drawn from the whole of the United States.  

The integrated solution offered by Capstone brings together Capstone's insurance professionals and accountants; the Firm's tax, corporate, financing and regulatory lawyers; and outside CPAs, risk managers, property & casualty professionals and actuaries, offering middle market companies the most comprehensive risk planning solution available. Today, captives are the premier risk management and risk-financing tool for middle market companies.

For more information, contact: Clete Thompson, VP - Marketing and Business Development, Capstone Associated Services, Ltd., Two Post Oak Central, 1980 Post Oak Blvd. Suite 1950, Houston, TX 77056-3899, (713) 800-0550, cthompson@CapstoneAssociated.com

Contact:
Clete Thompson
Capstone Associated Services, Ltd
5051 Westheimer,Floors 18 and 19
Houston, TX 77056
713-800-0550
cthompson@capstoneassociated.com
http://www.capstoneassociated.com