Karen Weldin Stewart, Delaware's elected Commissioner of Insurance, was the featured guest at a Houston cocktail reception on March 30, 2011, held for the captive insurance industry.
Joining Commissioner Stewart were members of her staff who presented at a seminar for businesses owners interested in alternative risk planning.
Commissioner Stewart added Houston to her multicity Texas tour to serve as a panelist for the educational seminar entiled, “Own Your Own Insurance Company,” designed for middle market business owners and their advisors. The seminar was jointly sponsored by the Institute for Captive Insurance Planning, itself an educational forum.
Special guests from across the country attended to share their captive insights and expertise, including Pacific Life (Los Angeles), RBC Wealth Management (Seattle), CoreStates Capital Investments (Philadelphia), and Buffalo Marine/Marine Casualty Corp. (Houston), among others.
Delaware has long enjoyed a reputation as the premier U.S. domicile for corporate formations. Today over 900,000 companies representing 63% of the Fortune 500 and 50% of companies traded on the NYSE and NASDAQ are incorporated in Delaware.
Capstone Associated Services, Ltd., is among the top captive management firms licensed by the State of Delaware, where captive legislation is tailored for middle market captives.