October 5, 2017 (Houston, TX) – Capstone is proud to announce that it has again bolstered its talent with its newest team member, David Osbourn, CPCU as Director of Business Development - Northeast. Mr. Osbourn becomes the 6th CPCU at Capstone, all of whom are engaged in client projects. This team's depth is unparalleled in the captive industry.
Mr. Osbourn brings to Capstone over 35 years of broad insurance industry experience, including property & casualty, reinsurance, and captives. His primary role is to help expand the Company’s reach in the Northeastern / Mid-Atlantic regions of the United States and to educate mid-market business owners and advisors on the benefits of captive insurance planning.
“It is an honor to have David on the team,” said Stewart Feldman, CEO & General Counsel at Capstone. “David’s prior experience in property & casualty insurance and alternative risk planning aligns well with the expertise we value. David will be working out of our Pittsburgh, PA office, speaking to business owners, CFOs, and others about their risk coverage needs and about our outstanding track record in captive design, formation, and management."
Feldman continued: "Over almost 20 years, Capstone has continually supported clients using a multi-disciplinary approach to captive insurance formation and management. It is the only way to ensure that the planning is done right and in compliance with state insurance law and IRS rules. We’re looking forward to growing our presence in the Northeast with David at the forefront.”
Earlier in his career, Mr. Osbourn demonstrated exceptional insurance expertise at AON Risk Services as Senior Broker and Account Executive. Mr. Osbourn also served in Dublin, Ireland as General Manager of Noble Insurance Company and Noble Reinsurance Limited, captive insurance companies owned by H.J. Heinz.
“As an integral part of the team, David will also be working with the tax and corporate attorneys of The Feldman Law Firm LLP, developing captive arrangements that make sense for clients,” Mr. Feldman continued. “It is critical that all of the moving parts of captive planning are addressed, including tax and legal. As one cohesive team, Capstone and the Firm ensures that clients fully realize the benefits of their captive insurance program.”
At Capstone, Mr. Osbourn will be engaging businesses in a variety of industries on various captive insurance matters, helping them cover risks more cost-effectively and to promote better financial efficiency.