The importance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the company level also, 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 invited Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from one of our Silver sponsors for the conference, global banking group HSBC.
HSBC is one of the biggest banking groups on the planet and uses a range of services that are utilized within ILS deals, not least escrow and corporate trust, in addition to adjacently across 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 specific niche sector like insurance-linked securities.
Tom and Vivian talked about a variety of issues with us during this interview, however one emphasize of the interview is HSBCs expectation that the significance of ecological, social & & governance (ESG) will grow for the ILS market and cascade through to the service provider level as well.
Mackay discussed, “ESG is whatever youre finding out about these days in the ILS market and thats not going away, thats just going to grow.
” We believe that drives the requirement for additional transparency in the threats that are being transferred, so the financiers can see the ESG qualities of that.
” Were hearing a growing number of from our clients about what kind of choices there are for them to invest the collateral thats published in these deals, so what sort of ESG cash market funds are available and things like that.
” We even believe, and were starting to see a small trend towards this, that it will equate into the service providers like ourselves, what are our ESG credentials and how are we reacting to those requirements.
” In short 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 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, go to the event site: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded 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 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 safeguarded]