Hoplon III Insurance Ltd

Blerina Essen, the Managing Director of UK-based lottery provider MyLotto24 and someone who worked on and sponsored some of the earliest lottery jackpot insurance-linked securities (ILS) transactions, is to consult and advise to gaming services provider RISQ on reinsurance and hedging.

Following an EUR 26.3 million jackpot prize won by one of its customers in a secondary lottery draw, lottery company MyLotto24 is set to benefit from the jackpot protection it has in place through its Hoplon III Insurance Ltd. insurance-linked securities (ILS) transaction.

Following the successful completion of its latest, more flexible insurance-linked securities (ILS) transaction, myLotto24 Limited’s Managing Director, Blerina Essen, discussed with Artemis the company’s participation in the space, and how ILS has become an important part of its risk management structure.

Lottery company MyLotto24 has leveraged the capital markets as a source of jackpot insurance and reinsurance again, with a new Hoplon III Insurance Ltd. transaction that again leverages both catastrophe bond and collateralized reinsurance technology in a structure that is more flexible for the company.