Capstone Associated has announced the appointment of Melinda Genitempo as senior vice president, with a focus on providing captive insurance solutions to mid-market companies.
Prior to joining Capstone, Genitempo served as director of client planning & strategies at Doeren Mayhew in Houston Texas. She will stay in the Lone Star state for her new role.
Commenting on her appointment, Genitempo says: “I am delighted to have joined Capstone Associated as senior vice president. I am working with my new team to establish new, dynamic initiatives.”
Since 1998, Capstone has established more than 140 captive insurance companies, specialising in 831(B) formations.
Genitempo continues: “As part of my orientation and onboarding, I was brought up to speed on the various ancillary benefits that come along with owning your own captive. In addition to comprehensive alternative risk coverage, 831(B) captives offer both tax and financial incentives for the operating company.”