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Lottoland agrees new two-year deal for ILS jackpot insurance

2nd August 2017 1:48 pm GMT
Lottoland

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 [...]

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