Q5: WHAT ARE YOUR FINAL THOUGHTS ON OPPORTUNITIES FOR THE JURISDICTION?
“It captures the focus of a whole new investor demographic.”
Wojciechowski: This is not a sea-change, but simply a discussion concerning the environmental, social and corporate governance (ESG) attributes of ILS that has become a very topical discussion across all asset classes that we see at the exchange level.
ILS as an asset class, in particular, is an interesting development because it captures the focus of a whole new investor demographic into an asset class that we know, by its very nature, has the ability to provide some positive benefits to natural disaster-related problems happening all over the world—certainly in the face of climate change and the amplified discussion around the global protection gap.
It’s very encouraging to see that ILS is front and centre in that global discussion around ESG-compliant and sustainable investing.
“Having an ESG policy and implementing it will only benefit the industry.”
Bardon: It’s definitely a topic some of our investors want us to be looking at, and we have started documenting our investments, their ESG policy and the impact it may have. It’s something that we as people are interested in.
Also, I think that having an ESG policy and implementing it will only benefit the industry.
Manning: ESG factors have become a facet of many investors’ due diligence. And picking up on Rachel’s point, we have adopted the ESG policies of our new parent company Peak Re.
Furthermore, ESG has become a much more prominent feature of our discussions with investors over the last 12 to 18 months.
Image courtesy of Shutterstock / Fisherss
“ESG has become a much more prominent feature of our discussions with investors.”