The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the provider level also, according to HSBC executives we spoke with 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 invited 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 one of the biggest banking groups worldwide and uses a variety of services that are utilized within ILS transactions, not least escrow and business trust, in addition to adjacently throughout the insurance and reinsurance world.
With its international scale, its constantly intriguing to hear the views of a significant gamer in finance on a specific niche sector like insurance-linked securities.
Tom and Vivian discussed a variety of problems with us during this interview, but one highlight of the interview is HSBCs expectation that the value of ecological, social & & governance (ESG) will grow for the ILS market and waterfall through to the provider level also.
Mackay discussed, “ESG is whatever youre hearing about these days in the ILS market whichs not disappearing, thats only going to grow.
” We think that drives the requirement for extra transparency in the threats that are being moved, so the investors can see the ESG qualities of that.
” Were hearing a growing number of from our clients about what kind of options there are for them to invest the security thats posted in these deals, so what sort of ESG cash market funds are readily available and things like that.
” We even think, and were starting to see a little trend towards this, that it will equate into the service companies like ourselves, what are our ESG qualifications and how are we reacting to those requirements.
” In short ESG I think is simply beginning. Weve heard a lot about it, but 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 information and to sign up for the conference, visit the occasion website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded listed below and can also be seen completely, in addition to 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 queries regarding sponsorship chances please contact [e-mail protected]