RISQ, which provides liquidity, pricing and risk management to the gaming industry, has announced the addition of Blerina Essen to its hedging and reinsurance team as a risk and strategy consultant.
Essen is the Managing Director of MyLotto24, a lottery company which is owned by Zeal Group and which is active in the insurance-linked securities (ILS) space.
In her new role, she will work with RISQ to improve the firm’s hedging and reinsurance structures for the firm’s Insurance platform. The RISQ Insurance platform allows operators to develop a campaign or product with large jackpots on any platform and with any partner with prize pots backed by A-rated insurance markets.
She brings extensive knowledge and experience in hedging and risk management structures in lottery, and RISQ says that this will help the firm to further establish itself as the B2B market leader.
“I am delighted to welcome Blerina to the team and to leverage her unrivalled experience and knowledge to improve our lottery insurance offering. It is important to us that our backend reinsurance structures are as robust as possible and in the event of a large win will payout quickly and smoothly.
“As our business grows and volumes increase, our backend structures become increasingly important. Blerina will be a driving force behind these improvements to make our offering as flexible as possible and grow the use of jackpots in the global gaming industry,” said Tom Mitchell, Chief Commercial Officer at RISQ.
Essen added: “It is an honour to join RISQ in a consulting capacity at a time when the business is looking to achieve significant growth and to cement its position as a world class alternative risk trading provider to the global gambling industry.”