The importance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the service provider level too, 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, global banking group HSBC.
HSBC is among the largest banking groups worldwide and offers a range of services that are utilized within ILS transactions, not least escrow and corporate trust, in addition to adjacently throughout the insurance coverage and reinsurance world.
But with its worldwide scale, its always fascinating to hear the views of a major gamer in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian talked about a range of issues with us throughout this interview, but one emphasize 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 provider level as well.
Mackay described, “ESG is everything youre finding out about these days in the ILS market and thats not going away, thats just going to grow.
” We think that drives the need for extra transparency in the risks that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing more and more from our clients about what kind of alternatives there are for them to invest the collateral thats published in these offers, so what sort of ESG money market funds are readily available and things like that.
” We even believe, and were beginning to see a small pattern 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 just 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 conversations 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, go to the event site: www.artemis.bm/ils-nyc-2022/.
The full video interview is ingrained listed below and can also be viewed completely, together with 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:
For all enquiries concerning sponsorship chances please contact [email safeguarded]