The importance 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 talked to 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 utilized within ILS deals, not least escrow and business trust, in addition to adjacently throughout the insurance and reinsurance world.
With its international scale, its always interesting 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 range of issues with us throughout this interview, but one emphasize of the interview is HSBCs expectation that the value of environmental, social & & governance (ESG) will grow for the ILS market and waterfall through to the service provider level.
Mackay described, “ESG is whatever youre finding out about nowadays in the ILS market and thats not disappearing, thats just going to grow.
” We believe that drives the requirement for additional transparency in the threats that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing a growing number of from our customers about what sort of alternatives there are for them to invest the security thats posted in these offers, so what sort of ESG money market funds are available and things like that.
” We even think, and were beginning to see a little trend towards this, that it will equate into the service suppliers like ourselves, what are our ESG qualifications and how are we reacting to those requirements.
” In short ESG I think is simply starting. Weve heard a lot about it, but a lot more to come.”
Hear more on ESG in the ILS market throughout among 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, check out the occasion website: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded below and can likewise be seen in full, together with previous Artemis Live video interviews here.
You can also listen in 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:
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