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As institutional investors look to asset classes that promote sustainable and responsible investing, increasingly, they are drawn to the environmental, social and governance (ESG) qualities of insurance-linked securities (ILS), according to Greg Wojciechowski, President and Chief Executive Officer (CEO) of the Bermuda Stock Exchange (BSX).
Speaking during a panel discussion held in Bermuda last year and hosted by Kroll Bond Rating Agency (KBRA), Wojciechowski, alongside PwC’s Arthur Wightman, Ariane West of Nephila Climate and moderator Brad Adderley of Appleby, discussed the connection between ILS and ESG considerations.
ILS and catastrophe bonds have been identified as sustainable development investments. Specifically, it’s been identified by some experienced ILS investors that the asset class meets the United Nation’s Sustainable Development Goal #13, which relates to taking action on climate change.