The significance of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the service supplier level also, according to HSBC executives we interviewed recently.In the next in our series of sponsor display video interviews for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from among our Silver sponsors for the conference, global banking group HSBC.
HSBC is one of the biggest banking groups worldwide and uses a variety of services that are used within ILS deals, not least escrow and corporate trust, along with adjacently across the insurance coverage and reinsurance world.
With its worldwide scale, its constantly fascinating to hear the views of a significant player in financing on a niche sector like insurance-linked securities.
Tom and Vivian went over a range of concerns with us during this interview, but one emphasize of the interview is HSBCs expectation that the value of environmental, social & & governance (ESG) will grow for the ILS market and waterfall through to the service supplier level.
Mackay discussed, “ESG is everything youre becoming aware of these days in the ILS market whichs not disappearing, thats just going to grow.
” We believe that drives the requirement for additional openness in the threats that are being moved, so the financiers can see the ESG qualities of that.
” Were hearing a growing number of from our clients about what type of options there are for them to invest the collateral thats published in these offers, so what sort of ESG money market funds are offered and things like that.
” We even believe, and were starting to see a little pattern towards this, that it will equate into the company like ourselves, what are our ESG credentials and how are we reacting to those requirements.
” In short ESG I believe is simply starting. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market throughout one of our panel conversations at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For information and to register for the conference, visit the event website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is ingrained listed below and can also be seen in complete, along with previous Artemis Live video interviews here.
You can likewise listen in audio to our interviews by signing up for the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference below:
For all enquiries relating to sponsorship opportunities please contact [e-mail protected]