The value of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the provider level also, 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 among our Silver sponsors for the conference, global banking group HSBC.
HSBC is one of the biggest banking groups worldwide and provides a variety of services that are used within ILS deals, not least escrow and corporate trust, along with adjacently across the insurance coverage and reinsurance world.
With its international scale, its constantly interesting to hear the views of a major gamer in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian talked about a range of problems with us during this interview, however one emphasize of the interview is HSBCs expectation that the value of environmental, social & & governance (ESG) will grow for the ILS market and cascade through to the service provider level.
Mackay explained, “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 threats that are being transferred, so the financiers can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what type of alternatives there are for them to invest the security thats posted in these offers, so what sort of ESG cash 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 reacting to those requirements.
” In short ESG I believe is just beginning. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market during 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 sign up for the conference, visit the event website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is ingrained listed below and can also be seen completely, along with previous Artemis Live video interviews here.
You can likewise 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 listed below:
For all queries regarding sponsorship opportunities please contact [email secured]