Hoplon Insurance Ltd.

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Hoplon Insurance Ltd. - At a glance:

• Issuer / SPV: Hoplon Insurance Ltd.
• Cedent / Sponsor: MyLotto24
• Placement / structuring agent/s: inea GmbH
• Risk modelling / calculation agents etc: Milliman Inc.
• Risks / Perils covered: Lottery winnings
• Size: €70.5m
• Trigger type: Indemnity
• Ratings: NA
• Date of issue: Sept 2011
• Artemis.bm news coverage: Articles discussing Hoplon Insurance Ltd. from Artemis.bm

Hoplon Insurance Ltd. - Full details

This innovative transaction provides lottery company MyLotto24 with protection against lottery winnings in their games exceeding a pre-set amount over a three year period.

Privately placed and using a Bermuda based SPV this deal put a cat bond type structure to work in a completely new risk arena.