Former Tempo chief launches capacity matching business

London-based start-up Capacity Place, a marketplace for delegated authority and treaty reinsurance placements which aims to match capacity seekers with capacity providers, has been launched.

The business, which was established in November 2019, is run by former Tempo Underwriting founder Marco Del Carlo. It is initially targeting managing general agents, programme administrators, insurtechs, management teams, wholesale brokers, binder brokers insurers, and Lloyd’s underwriters for transacting binders, prior submit facilities, line slips and master policies.

Del Carlo, Capacity Place CEO commented: “We are like any other marketplace - we match up demand with supply.”

There are currently no fees for joining, membership, listing, continued use or technical support, with Capacity Place earning a straightforward introducer’s commission upon a successful placement. For the delegated authority segment of the market, the company said it aimed to simply complex program placement chains, reduce the number of back and forth information requests, shorten placement timeframes and reduce wholesale placement costs.

Del Carlo, according to LinkedIn, is also founder and CEO of MGA Union, launched in November 2019, and a director of the MGA trade body, the Managing General Agents’ Association. He was founder and managing director of Tempo Underwriting from 2012-2019.

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