The Global Risk Institute invites you to register for a timely discussion on the benefits and risks of catastrophe bonds (cat bonds). These high-yield debt instruments allow insurers to transfer risk, offer rapid liquidity after catastrophe events and offer investors uncorrelated returns. Cat bond markets are set for continued growth, with the global market reaching $15 billion USD in 2024 and TD Insurance issuing the first Canadian cat bond in 2025. The discussion will address challenges, including the potential for underestimating climate risk, valuation complexity and limited market liquidity