The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the service company level as well, according to HSBC executives we interviewed 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 on the planet and uses a variety of services that are utilized within ILS transactions, not least escrow and business trust, as well as adjacently throughout the insurance and reinsurance world.
With its global scale, its always fascinating to hear the views of a significant gamer in financing 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 highlight 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 service company level.
Mackay explained, “ESG is whatever youre hearing about nowadays in the ILS market whichs not disappearing, thats only going to grow.
” We believe that drives the requirement for extra openness in the dangers that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing more and more from our clients about what type of options there are for them to invest the security thats published in these deals, so what sort of ESG money market funds are available and things like that.
” We even believe, and were starting 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 just starting. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market during 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 register for the conference, visit the occasion website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is ingrained listed below and can likewise be viewed in full, together with previous Artemis Live video interviews here.
You can likewise listen in audio to our interviews by registering for the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference below:
For all queries concerning sponsorship opportunities please contact [email safeguarded]