The importance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the company level as well, 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 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 in the world and offers a series of services that are used within ILS transactions, not least escrow and business trust, in addition to adjacently across the insurance coverage and reinsurance world.
With its worldwide scale, its constantly fascinating to hear the views of a significant player in financing on a niche sector like insurance-linked securities.
Tom and Vivian went over a series of problems with us throughout this interview, but one highlight 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 company level also.
Mackay explained, “ESG is whatever youre becoming aware of nowadays in the ILS market and thats not going away, thats just going to grow.
” We believe that drives the need for extra transparency in the risks that are being moved, so the investors can see the ESG qualities of that.
” Were hearing a growing number of from our customers about what type of alternatives 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 beginning to see a small pattern towards this, that it will equate into the company like ourselves, what are our ESG credentials and how are we responding to those requirements.
” In short ESG I believe 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 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, visit the occasion site: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded below and can also be seen completely, in addition to previous Artemis Live video interviews here.
You can also eavesdrop audio to our interviews by subscribing to the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference below:
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