The importance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the provider level also, according to HSBC executives we spoke with recently.In the next in our series of sponsor showcase 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 one of our Silver sponsors for the conference, worldwide banking group HSBC.
HSBC is among the largest banking groups worldwide and provides a series of services that are utilized within ILS deals, not least escrow and business trust, in addition to adjacently throughout the insurance and reinsurance world.
But with its worldwide scale, its always fascinating to hear the views of a major gamer in finance on a specific niche sector like insurance-linked securities.
Tom and Vivian talked about a range of concerns with us during this interview, however one emphasize of the interview is HSBCs expectation that the significance of environmental, social & & governance (ESG) will grow for the ILS market and cascade through to the service provider level.
Mackay described, “ESG is everything youre finding out about these days in the ILS market and thats not going away, thats just going to grow.
” We think that drives the need for additional transparency in the dangers that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what kind of alternatives there are for them to invest the security thats published in these deals, so what sort of ESG money market funds are readily available and things like that.
” We even believe, and were starting to see a small trend towards this, that it will equate into the service companies like ourselves, what are our ESG credentials and how are we reacting to those requirements.
” In short ESG I believe is simply beginning. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market during among our panel conversations at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For details and to register for the conference, check out the occasion site: www.artemis.bm/ils-nyc-2022/.
The full video interview is ingrained listed below and can also be seen in complete, together with previous Artemis Live video interviews here.
You can also eavesdrop 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 listed below:
For all queries relating to sponsorship chances please contact [e-mail protected]