Capstone Responds to Hurricane Harvey Disaster

August 30, 2017 (Houston, TX) - Houston-based Capstone Associated Services, Ltd., one of the largest and oldest captive managers in the U.S. serving the mid-market, reports that it is still up and operating, despite catastrophe on the Gulf Coast.

“We are fortunate that our planning and disaster recovery worked without a hitch,” said Stewart A. Feldman, Capstone’s CEO & General Counsel. “We never lost power or internet and our team, spread throughout the greater Houston-area and more generally throughout the U.S., has continued to work without interruption. We are very thankful that despite the widespread devastation that so far, all of our 70-person team from our related group of companies have reported in without any significant personal loss...” Read more.

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Jeff Simpson/Gordon, Fournaris Client Suffers $4 Million Defeat
November 11, 2015 (Wilmington, DE) - PoolRe Insurance Corp. and others announce the settlement of a long-running case against Organizational Strategies, Inc., a defense contractor based in Virginia. The settlement, concluded in the last few days, paid in excess of $2.2 million to PoolRe and others by OSI and its owners, Nicolette and William Hendricks.

Captives in the IRS' Dirty Dozen List of Abusive Tax Schemes? Get the Facts
In the first quarter of each year, the IRS increases the volume of its press releases in a thoughtfully designed program to spur taxpayer compliance with our income tax system. This is a well-reasoned effort by the IRS.

Gallagher Captive Manager Artex discloses it's subject to IRS probe
Artex Risk Solutions Inc., the Bermuda-based captive management subsidiary of insurance broker Arthur J. Gallagher & Co., has confirmed that it is involved in an Internal Revenue Service probe into captive insurers formed under 831(b) of the Internal Revenue Code.

September 10, 2014 Federal Court Opinion Ordering Artex's Compliance with IRS Subpoena
The Internal Revenue Service (IRS) is conducting an investigation of Respondent Artex Risk Solutions, Inc. (Artex). The IRS is allegedly
examining Artex’s role in transactions involving captive insurance plans under 26 U.S.C. § 831, and investigating whether such transactions constitute abusive transactions.

Artex Docket Report
Petition to enforce IRS summons filed by United States of America (Shoemaker, Martin) (Entered: 06/03/2014).

831(b)
IRC Section 501 – Exemption From Tax On Corporations, Certain Trusts, Etc.
More Sec. 831 Information


Power 50 captive Insurance award

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Captive Insurance Times Q&A with Lance McNeel In this Q&A session, Lance McNeel, CPCU, ARM explains how businesses in the oil & gas sector can mitigate financial risks by forming a captive insurance company. Lance highlights the biggest risks facing oil & gas businesses today—and how to recover from losses. See the interview >>