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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 →

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 →

MyLotto24 jackpot payout misses Hoplon II bond, but hits insurance

Investors in the Hoplon II Insurance Ltd. lottery jackpot winning catastrophe bond or ILS style insurance coverage has escaped a loss after the sponsor MyLotto24 suffered a €37m jackpot win in a secondary lottery it held.The jackpot win was covered by insurance however and MyLotto24 told Artemis that a claim read the full article →

Hoplon II lottery jackpot-linked catastrophe bond launches

The Hoplon II Insurance Ltd. lottery jackpot winnings catastrophe bond-type structure has now been successfully issued, securing the sponsor MyLotto24 a €50m collateralized source of insurance protection from the capital markets.The Hoplon II Insurance ILS deal launched a few weeks ago, as MyLotto24 looked to cover some of its lottery read the full article →

Pricing finalised for Hoplon II Insurance lottery jackpot-linked cat bond

The Hoplon II Insurance Ltd. lottery jackpot winnings catastrophe bond-type structure has now had the pricing finalised for both tranches of jackpot risk-linked notes that are being issued on behalf of the sponsor MyLotto24.The Hoplon II Insurance ILS deal launched a few weeks ago seeking a €50m collateralized source of insurance read the full article →

Hoplon II Insurance brings more MyLotto24 jackpot risk to ILS market

One of the more unusual insurance-linked securities (ILS) transactions is to be renewed. Hoplon II Insurance Ltd. will seek to secure lottery firm MyLotto24 a €50m collateralized source of insurance protection for lottery jackpot winning and tax shortfall risks.Hoplon II Insurance Ltd. will replace MyLotto24's 2011 Hoplon Insurance Ltd. deal, which matures read the full article →

MyLotto24 expands Hoplon coverage, investors coupon increased

The novel Hoplon Insurance Ltd. transaction, an insurance-linked securities (ILS) structure combined with collateralized reinsurance, has been expanded by sponsor MyLotto24. The groundbreaking deal now provides MyLotto24 with even more cover for exceptional jackpot winnings in their lotteries over the remainder of the deals term.The Hoplon ILS transaction, which was read the full article →

Innovative catastrophe bond type structure used to cover risks of lottery winnings for MyLotto24

Just when you think the insurance-linked securities market can't get any more interesting and innovative, a deal comes along which breaks new ground and brings a new type of risk to insurance-linked securities investors. Artemis.bm can reveal a groundbreaking deal which has recently been completed providing the sponsor with cover read the full article →