Hoplon III Bermuda-domiciled special purpose insurer’s collateralized insurance coverage to myLotto24 and its affiliates and business partners.

Norton Rose Fulbright has acted as transaction counsel in relation to the latest insurance-linked securities (ILS) transaction sponsored by myLotto24, Hoplon III.

The coverage put in place as part of this transaction has been designed to be as flexible as possible with a structure which allows myLotto24 to expand the product range covered as its business needs develop. The collateral for the insurance coverage provided by Hoplon III was provided by a number of specialist ILS investors through a novel syndicated securitised structure.

The Norton Rose Fulbright team working on the deal included corporate insurance partners Maria Ross (Picture) and Nicholas Berry and associate David Bartlett.

Involved fees earner: Maria Ross – Norton Rose Fulbright; Nicholas Berry – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Hoplon III;