NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) will host an Environmental, Social and Governance (ESG) Breakfast on November 8 at the Hamilton Princess & Beach Club in Bermuda.
Pat Welch, KBRA’s Chief Credit Officer, will open the event with a conversation on the ESG factors relevant to insurance transactions. The breakfast panel discussion, moderated by Kathleen Faries, Chair of ILS Bermuda, will focus on the connection between insurance-linked securities (ILS) and ESG. Panelists include Greg Wojciechowski, President and CEO of the Bermuda Stock Exchange; Arthur Wightman, Regional Markets/Insurance Leader and Territory Leader, PwC Caribbean; and Ariane West, Director of Structured Finance at Nephila Climate.
“We are very excited to be hosting our inaugural ESG event in Bermuda,” KBRA President and CEO Jim Nadler said. “As the importance of ESG continues to grow, KBRA is actively analyzing the changing dynamics of ESG factors and their effect on credit, to make our ratings analysis more transparent and thorough. We look forward to discussing how ESG factors influence our insurance methodology and ratings given how relevant ESG factors are to the insurance sector.”
“We are delighted to welcome KBRA to Bermuda and the Bermuda Business Development Agency (BDA) is proud to be supporting the Environmental, Social and Governance (ESG) Bermuda Breakfast,” BDA chief executive Roland Andy Burrows said. “Globally, the importance of ESG factors to money managers and investors is increasing, driven in large part by climate change concerns and demand from the affluent millennial generation. As a world-leading international financial center—celebrated for its stability, quality, and ease of doing business—Bermuda plays an important role in driving the sustainable economy forward. Events such as the upcoming breakfast serve not only to highlight the island’s relevance in this space—given our market dominance in insurance-linked securities, which have been recognized by the UN as a sustainable development investment—but also to inform and educate the business community on growing trends.”
Related Publications: (available at www.kbra.com)
- Environmental, Social and Governance Risk by Sector
- Environmental, Social and Governance: KBRA Overview
About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Kate Kennedy, Senior Managing Director
Emilie Nadler, Associate
Business Development Contact:
Tina Bukow, Managing Director