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

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

The importance of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the service supplier level too, according to HSBC executives we interviewed 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 among our Silver sponsors for the conference, international banking group HSBC.
HSBC is one of the biggest banking groups worldwide and uses a series of services that are utilized within ILS deals, not least escrow and business trust, along with adjacently throughout the insurance coverage and reinsurance world.
However with its global scale, its always intriguing to hear the views of a significant gamer in finance on a niche sector like insurance-linked securities.
Tom and Vivian discussed a range of issues with us throughout this interview, but one highlight 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 explained, “ESG is everything youre finding out about these days in the ILS market whichs not disappearing, thats just going to grow.
” We think that drives the requirement for additional transparency in the threats that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what sort of options there are for them to invest the collateral thats posted in these offers, so what sort of ESG cash 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 service suppliers like ourselves, what are our ESG qualifications and how are we reacting to those requirements.
” In brief ESG I think is just beginning. Weve heard a lot about it, however 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 information and to sign up for the conference, check out the occasion website:
The full video interview is embedded listed below and can also be seen in full, 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 listed below:

For all enquiries regarding sponsorship opportunities please contact [email secured]

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