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Capstone Forms Record Number Of Delaware Captives
2 pages
Published by
associate5
Record Number of Captives for Capstone Associated Represents Recognition of
Delaware as a Premier Captive Domicile.
Houston, TX, February 03, 2011 -- Capstone Associated Services, Ltd today announced
that it has formed a record number...
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Record Number of Captives for Capstone Associated Represents Recognition of
Delaware as a Premier Captive Domicile.
Houston, TX, February 03, 2011 -- Capstone Associated Services, Ltd today announced
that it has formed a record number of captive insurance companies in the state of
Delaware.
Coincidentally, Capstone in recent weeks crossed the 100-captive
threshold and Delaware is fast approaching the same milestone with 97 captives.
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.
Delaware enacted legislation in 2005 modernizing state law regarding the formation
of captives and positioning Delaware as home to the growing number of captive
insurance companies being created by companies worldwide.
Delaware has long been
home to major insurance companies such as Aetna, Allstate, MetLife, GenRe
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