Gibraltar-based lottery betting operator Lottoland has agreed a new two-year agreement for its Insurance Linked Security (ILS) jackpot insurance, which has been increased to €120m.
The agreement marks the third time that the operator has secured the ILS coverage in order to insure itself against major customer wins.
The first €100m ILS transaction was arranged in April 2015 by German investment business inea GmbH through the issuance vehicle Euroguard Insurance Company PCC, and was renewed again in [...]
