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Blerina Essen to advise on reinsurance & hedging for RISQ

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.Essen was one of the driving forces behind MyLotto24’s Hoplon read the full article →

MyLotto24’s Hoplon ILS to take EUR4.8m loss after jackpot win

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.The EUR 26.3 million jackpot is sufficient to read the full article →

Lottoland to make Fortuna jackpot ILS claim after EUR 90m win

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.Lottoland is one of the secondary lottery read the full article →

ILS an important, enabling part of our business: Blerina Essen, myLotto24

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.UK-based lottery provider myLotto24's latest ILS transaction, issued using Hoplon read the full article →

MyLotto24 sponsors more flexible Hoplon III ILS transaction

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.This is the third insurance-linked securities read the full article →

Lottoland adds new games, ILS coverage flexes to accomodate risk

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.Lottoland has launched what it is calling read the full article →

Lottoland sets up Fortuna Insurance PCC in Gibraltar

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.Lottland recently renewed its Fortuna collateralized reinsurance or insurance-linked securities (ILS) read the full article →

Lottoland renews jackpot ILS at upsized EUR 120m, adds flexibility

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.Lottoland has placed collateralized reinsurance structures and the ILS market at the heart of its read the full article →

Lottoland rolls out B2B solution backed by its ILS cover

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.Lottoland Solutions offers B2B gaming solutions to read the full article →

Another MyLotto24 jackpot payout misses the ILS market

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.According to MyLotto24 parent group ZEAL Network SE, a jackpot prize read the full article →