The value of ecological, 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, global banking group HSBC.
HSBC is one of the biggest banking groups on the planet and provides a series of services that are utilized within ILS deals, not least escrow and business trust, in addition to adjacently throughout the insurance and reinsurance world.
But with its worldwide scale, its constantly interesting to hear the views of a major player in finance on a niche sector like insurance-linked securities.
Tom and Vivian went over a variety of problems with us during this interview, however one emphasize 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 provider level.
Mackay discussed, “ESG is everything youre becoming aware of nowadays in the ILS market whichs not going away, thats only going to grow.
” We believe that drives the need for additional openness in the threats that are being transferred, so the investors 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 money market funds are readily available and things like that.
” We even believe, and were beginning to see a little trend towards this, that it will translate into the provider like ourselves, what are our ESG credentials and how are we reacting to those requirements.
” In short ESG I believe is simply beginning. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market throughout among 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 register for the conference, go to the occasion site: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded below and can also be seen completely, in addition to previous Artemis Live video interviews here.
You can likewise 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]