The significance of environmental, 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 talked to 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 invited Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from one of our Silver sponsors for the conference, international banking group HSBC.
HSBC is among the biggest banking groups in the world and uses a range of services that are utilized within ILS deals, not least escrow and business trust, along with adjacently across the insurance and reinsurance world.
However with its international scale, its constantly interesting to hear the views of a significant player in finance on a specific niche sector like insurance-linked securities.
Tom and Vivian talked about a range of issues with us during this interview, however one highlight of the interview is HSBCs expectation that the importance of environmental, social & & governance (ESG) will grow for the ILS market and cascade through to the service supplier level.
Mackay described, “ESG is whatever 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 dangers that are being moved, so the investors can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what kind of options there are for them to invest the security thats posted in these deals, so what sort of ESG money market funds are offered and things like that.
” We even believe, and were starting to see a little trend 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 just beginning. Weve heard a lot about it, but 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 information and to sign up for the conference, visit the event website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is ingrained below and can likewise be seen completely, along with previous Artemis Live video interviews here.
You can likewise eavesdrop audio to our interviews by subscribing to 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 secured]