jackpot

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.

Investors in the Lottoland sponsored lottery jackpot insurance-linked securities (ILS) and collateralised reinsurance are set to be on the hook for some level of payout after a EUR 90 million win by a customer triggered payouts through the firms unique Fortuna PCC insurance model.

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.

Gibraltar based and licensed online lottery provider the Lottoland Group has expanded its offering with the launch of new technology for high jackpot instant win games which will all be backed by the firms insurance protection, including its fully collateralized insurance-linked security (ILS) arrangement.

Gibraltar licensed online lottery company the Lottoland Group has set up its own insurance company in Gibraltar, Fortuna Insurance PCC Limited, which will provide the firm with its own issuing vehicle for future collateralised reinsurance and insurance-linked securities (ILS) transactions.

Fast-growing Gibraltar licensed online lottery provider the Lottoland Group has renewed its Fortuna collateralized reinsurance or insurance-linked securities (ILS) transaction at an upsized EUR 120 million, increasing the size of its capital markets-backed jackpot insurance coverage.

Online lottery provider Lottoland has launched a new business to business offering, enabling other brands to integrate its range of lotteries within their own client experiences, but with jackpot payouts continuing to be covered by Lottoland’s risk transfer, including its insurance-linked securities (ILS) coverage.

MyLotto24 has experienced another major jackpot win, but again it has fallen below the level where insurance-linked securities (ILS) investors would have paid a share through the Hoplon II Insurance Ltd. lottery jackpot winning catastrophe bond and collateralised reinsurance cover.