The importance of environmental, 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 one of our Silver sponsors for the conference, international banking group HSBC.
HSBC is among the largest banking groups on the planet and offers a variety of services that are used within ILS deals, not least escrow and corporate trust, as well as adjacently throughout the insurance coverage and reinsurance world.
With its worldwide scale, its constantly interesting to hear the views of a significant player in financing on a niche sector like insurance-linked securities.
Tom and Vivian went over a variety of problems 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 service company level.
Mackay discussed, “ESG is whatever youre becoming aware of these days in the ILS market whichs not going away, thats only going to grow.
” We think that drives the need for extra transparency in the dangers that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what type of choices there are for them to invest the security thats published in these deals, so what sort of ESG cash market funds are readily available and things like that.
” We even believe, and were starting to see a small trend towards this, that it will translate into the company like ourselves, what are our ESG qualifications and how are we responding to those requirements.
” In brief ESG I think is just beginning. 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 discussions at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For information and to register for the conference, go to the occasion website: www.artemis.bm/ils-nyc-2022/.
The full video interview is ingrained listed below and can likewise be viewed completely, together with previous Artemis Live video interviews here.
You can also listen in 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:
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