The importance of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the service 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 welcomed 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 worldwide and uses a variety of services that are used within ILS deals, not least escrow and corporate trust, along with adjacently throughout the insurance coverage and reinsurance world.
With its international scale, its always interesting 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 concerns with us during this interview, but 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 explained, “ESG is whatever youre becoming aware of nowadays in the ILS market and thats not disappearing, thats just going to grow.
” We think that drives the requirement for extra 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 sort of alternatives there are for them to invest the collateral thats published 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 small pattern towards this, that it will equate into the company like ourselves, what are our ESG qualifications and how are we reacting 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 one of our panel discussions 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, go to the event site: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded below and can also be seen in complete, together with previous Artemis Live video interviews here.
You can also listen in 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 below:
For all enquiries concerning sponsorship opportunities please contact [e-mail safeguarded]