Houston, TX (PRWEB) June 11, 2011
On March 30, 2011, the Institute for Captive Insurance Planning (ICIP) sponsored its first 2011 educational seminar entitled, "Own Your Own Insurance Company". ICIP’s mission is to set the highest standards of professional excellence for advisors providing alternative risk/captive insurance planning services.
The forum included separate morning and afternoon sessions, followed by an evening cocktail reception for the Institute's special guest and presenter, Karen Weldin Stewart, Insurance Commissioner for the State of Delaware.
"The educational seminar provided a sophisticated, high quality, and interactive platform for business owners and advisors interested in alternative risk planning," says Mary Jo Lopez, Director of Business Development for the Delaware Department of Insurance's Captive Insurance Division. "As a premier U.S. domicile for middle market captive insurers, Delaware shares ICIP's goals of promoting exceptional standards among captive providers."
Attendees represented business owners and their advisors from across the nation. Representatives of Pacific Life and Royal Bank of Canada from the west coast attended along with attendees from the east coast. The interactive session included a cross section of captive insurance experts, including risk management and insurance professionals, regulatory, tax, insurance and financing lawyers, CPAs specializing in insurance accounting, and domicile regulators.
The conference was designed to educate business owners and their advisors with the tax, legal and regulatory aspects on structuring, implementing and operating captive insurance programs. Expert panelists addressed the insurance, tax and financial aspects of captive planning, including lowering insurance costs, enhancing control over cash flows and investments, improving risk management and loss control, and realizing tax efficient asset protection.
"Seminar attendees learned that the captive insurance company's potential risk management benefits make it a very attractive option for successful business owners," says Stewart Feldman, CEO and General Counsel for Capstone, and one of the seminar panelists. "Because of the significant income tax implications for captive insurance companies, it is imperative that business owners engage experienced professionals who are captive insurance experts to ensure the success of the captive insurer."
ICIP members are committed to the highest standard of alternative risk planning. Founding members include:
- Capstone Associated Services, Ltd., Houston, Texas
- Liptz & Associates, Inc., Certified Public Accountants, Irvine, California
- McNeil, Levy & Friedman, LP, Houston, Texas
- Mercury Financial, Dallas/Houston, Texas
- Capstone Insurance Management, Ltd., Wilmington, Delaware
- Capstone Insurance Management Anguilla, Anguilla, British West Indies.