The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the provider level as well, according to HSBC executives we talked to 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, worldwide banking group HSBC.
HSBC is one of the biggest banking groups worldwide and provides a range of services that are used within ILS deals, not least escrow and corporate trust, along with adjacently throughout the insurance coverage and reinsurance world.
However with its global scale, its constantly fascinating to hear the views of a major player in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian went over a variety of issues with us during this interview, however one highlight of the interview is HSBCs expectation that the significance of environmental, social & & governance (ESG) will grow for the ILS market and waterfall through to the provider level also.
Mackay discussed, “ESG is everything youre becoming aware of these days in the ILS market and thats not disappearing, thats only going to grow.
” We believe that drives the need for additional transparency in the dangers that are being moved, so the financiers can see the ESG qualities of that.
” Were hearing more and more from our customers about what sort of alternatives there are for them to invest the security thats posted in these offers, so what sort of ESG money market funds are offered and things like that.
” We even think, 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 responding to those requirements.
” In brief ESG I believe is just starting. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market throughout 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 sign up for the conference, check out the event site: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded below and can likewise be seen completely, together with previous Artemis Live video interviews here.
You can also eavesdrop audio to our interviews by registering for the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference listed below:
For all enquiries regarding sponsorship chances please contact [email safeguarded]