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DBRS Morningstar invites you to attend a webinar on 20 April 2023 at 2:30 p.m. BST | 3:30 p.m. CEST | 09:30 a.m. EDT entitled, “Catastrophe Bonds: Another Tool to Raise Preparedness for Fiscal Pressures Stemming from Natural Disasters”. The webinar will be hosted by Javier Rouillet, Vice President – Global Sovereign Ratings and Marcos Alvarez, Global Head of Insurance at DBRS Morningstar. With an estimated market size in excess of USD 37 billion, catastrophe bonds (cat bonds) have become an important tool for the insurance industry in the last decade. Their use is to generate additional financial capacity to deal with catastrophe risk from natural and man-made events, including hurricanes, floods, wildfires, earthquakes, terrorism, and pandemics. Increasingly, governments and supranational organisations such as the World Bank have started to access this market as a risk mitigation tool. In this webinar, we will provide an overview of the cat bond market and explain how they are structured. Our analysts will also explore the potential advantages and challenges of using cat bonds to mitigate post-natural disaster stress on public finances, which can be overwhelming in some countries. The discussion will last approximately 30 minutes and will be followed by an interactive question-and-answer session.