ESG importance in ILS to grow: HSBC’s Mackay & Ly

ESG importance in ILS to grow: HSBC’s Mackay & Ly

The significance of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the company level too, according to HSBC executives we interviewed recently.In the next in our series of sponsor display 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, global banking group HSBC.
HSBC is one of the biggest banking groups worldwide and offers a variety of services that are used within ILS deals, not least escrow and business trust, as well as adjacently throughout the insurance and reinsurance world.
With its worldwide scale, its constantly fascinating to hear the views of a significant player in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian talked about a variety of concerns with us throughout this interview, however 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 service company level.
Mackay described, “ESG is everything youre hearing about nowadays in the ILS market and thats not going away, thats just going to grow.
” We think that drives the need for additional transparency in the dangers that are being transferred, so the financiers can see the ESG qualities of that.
” Were hearing increasingly more from our clients about what type of choices there are for them to invest the security thats posted 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 little pattern towards this, that it will equate into the company like ourselves, what are our ESG qualifications and how are we responding to those requirements.
” In short ESG I think is simply 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 details and to sign up for the conference, check out the occasion site: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded listed below and can likewise be seen in full, along with previous Artemis Live video interviews here.

You can also eavesdrop audio to our interviews by signing up 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 [email secured]

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