5 January 2017Analysis

Capstone hires 30-year re/insurance and captive specialist for Midwest expansion

Capstone Associated Services, a provider of captive insurance management and alternative risk planning services, has appointed Steven Lonergan as director of business development for the Midwest.

Lonergan will be responsible for expanding Capstone’s local presence into the Midwestern markets, and will be based in the greater Minneapolis area.

He will also help to expand Capstone’s reach in health-related captives, an area the company sees as a significant growth opportunity as the regulatory landscape changes in 2017.

Longergan brings over 30 years of experience in re/insurance and captives, having most recently served as president of 10,000 Lakes Risk Consulting, where he acted as a risk consultant for middle market companies seeking an independent evaluation of their risk profile.

He also previously served as the managing director (MD) of General Motor’s captive, General International, based in Bermuda.

“We’re excited to have Steven on board to assist clients on captive insurance / alternative risk planning opportunities,” said Stewart Feldman, CEO of Capstone.

“Steven brings a wealth of captive insurance knowledge to our company, bolstering our talent pool. Capstone will continue to hire the industry’s best professionals to spearhead our turnkey captive programs.”

Lonergan will also help to establish new business relationship for Capstone, connecting directly with mid-market business owners and their advisors.

Feldman added: "In just the last few weeks, we’ve seen the benefits of having Steven Lonergan on our team.

"His experience and knowledge of captive insurance planning have had a direct and positive impact on relationship-building and new-client onboarding. We look forward to Steven’s contributions in the months and years to come.”