HOUSTON, July 16, 2014 /PRNewswire/ -- Capstone Associated, Ltd. announced that it named Melinda Genitempo as its Senior Vice President, responsible for overseeing its business development operations throughout the U.S. Genitempo brings a wealth of business development expertise to Capstone, having served as the National Business Development Manager at international accounting firm KPMG and in a more recent, similar position at a well-known regional accounting firm. She also had similar roles with financial advisory, legal, consulting, and valuation firms throughout her 28-year career.
Under her direction, Capstone's 20+ team members will continue to educate the mid-market business community on the insurance and financial benefits of captive insurance and helping them to implement their own alternative risk planning programs.
"I am thrilled to be part of such a dynamic group, with its well-recognized national reputation for delivering the most sophisticated and comprehensive services in the captive insurance industry. I performed my own research and quickly saw how Capstone has become one of the very few companies in the U.S. that can truly provide comprehensive turnkey services," Genitempo said.
"We have a real opportunity to educate the public on the many benefits of forming captives under the 831(b) tax election including enhanced risk management, asset protection, wealth transfer, and tax planning. Given the benefits long enjoyed by larger corporations, it is important that mid-market business owners understand how they can add these benefits to their toolbox, as well. I'm excited to be a part of that process."
Capstone provides mid-market business owners throughout the U.S. the ability to cover their many risks generally excluded by conventional insurers. The Company is uniquely positioned in the industry to draw on the tax, corporate, estate planning and litigation attorneys with its affiliate, The Feldman Law Firm, LLP to service joint clients. The Law Firm's corporate tax and insurance lawyers work cooperatively with Capstone's Chartered Property Casualty Underwriters and Associates in Risk Management in the designing, drafting, pricing, and administering of coverages. The Feldman Law Firm's legal team offers the needed services in the design, formation, and operation of a captive insurer and its integration into the financial structure of the ownership group.
Genitempo will institute new growth strategies, leveraging a network of decision makers at closely-held mid-market companies in the oil and gas, transportation, manufacturing, medical, legal, engineering and other industries where significant operational or non-standard risks are present.
About Capstone
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 17th 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 insurance professionals include 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 to offer 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 visit us at www.CapstoneAssociated.com or contact us at 800-705-4014.
SOURCE Capstone Associated, Ltd.
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