ESG importance in ILS to grow: HSBC’s Mackay & Ly

ESG importance in ILS to grow: HSBC’s Mackay & Ly

The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the service company level too, 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 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 one of the largest banking groups in the world and provides a series of services that are used within ILS transactions, not least escrow and corporate trust, in addition to adjacently throughout the insurance and reinsurance world.
However with its worldwide scale, its constantly fascinating to hear the views of a significant gamer in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian talked about a range of concerns with us during this interview, but one highlight of the interview is HSBCs expectation that the value of ecological, social & & governance (ESG) will grow for the ILS market and cascade through to the service supplier level.
Mackay described, “ESG is whatever youre finding out about these days in the ILS market and thats not going away, thats only going to grow.
” We believe that drives the requirement for extra transparency in the threats that are being transferred, so the financiers can see the ESG qualities of that.
” Were hearing more and more from our customers about what type of options there are for them to invest the security thats posted in these offers, so what sort of ESG cash market funds are readily available and things like that.
” We even believe, and were beginning to see a small pattern towards this, that it will equate into the service companies like ourselves, what are our ESG credentials and how are we responding to those requirements.
” In short ESG I think is simply starting. Weve heard a lot about it, but a lot more to come.”
Hear more on ESG in the ILS market during one of 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, go to the occasion 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 listen in audio to our interviews by subscribing to the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference below:

For all queries concerning sponsorship opportunities please contact [e-mail protected]

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