The importance of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the 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 welcomed Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from one of our Silver sponsors for the conference, worldwide banking group HSBC.
HSBC is among the biggest banking groups worldwide and provides a variety of services that are utilized within ILS deals, not least escrow and corporate 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 player in finance on a specific niche sector like insurance-linked securities.
Tom and Vivian went over a variety of problems with us throughout this interview, however one emphasize of the interview is HSBCs expectation that the importance of ecological, social & & governance (ESG) will grow for the ILS market and cascade through to the service company level.
Mackay discussed, “ESG is everything youre finding out about nowadays in the ILS market whichs not disappearing, thats only going to grow.
” We think that drives the need for extra openness in the dangers that are being moved, so the financiers 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 posted in these deals, so what sort of ESG money market funds are readily available and things like that.
” We even believe, and were starting to see a small pattern towards this, that it will equate into the company like ourselves, what are our ESG qualifications and how are we reacting to those requirements.
” In short ESG I think 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 conversations 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, go to the occasion website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded below and can also be seen in full, in addition to previous Artemis Live video interviews here.
You can likewise eavesdrop 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 regarding sponsorship chances please contact [e-mail safeguarded]