The importance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the company level also, 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, worldwide banking group HSBC.
HSBC is among the biggest banking groups on the planet and uses a series of services that are utilized within ILS deals, not least escrow and business trust, in addition to adjacently across the insurance coverage and reinsurance world.
But with its global scale, its constantly fascinating to hear the views of a major 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, but one emphasize of the interview is HSBCs expectation that the value of ecological, social & & governance (ESG) will grow for the ILS market and cascade through to the service provider level.
Mackay discussed, “ESG is whatever youre finding out about nowadays in the ILS market whichs not disappearing, thats just going to grow.
” We think that drives the requirement for additional transparency in the risks that are being transferred, so the financiers can see the ESG qualities of that.
” Were hearing more and more from our customers about what sort of options there are for them to invest the security thats posted in these deals, so what sort of ESG cash market funds are offered and things like that.
” We even believe, and were starting to see a little pattern towards this, that it will translate into the service suppliers like ourselves, what are our ESG credentials 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 throughout 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 register for the conference, check out the event site: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded 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 enquiries regarding sponsorship chances please contact [e-mail protected]