RISQ recruits former mylotto MD Blerina Essen as corporate advisor

RISQ a specialist provider of industry insurance and risk management services has confirmed the appointment of Blerina Essen, the former managing mylotto24 Ltd as a corporate advisor.

Updating the market, RISQ leadership details that Essen has been appointed to help optimise the firm’s strategy and planning with regards to its reinsurance and hedging verticals.

Regarded as an expert at the forefront of industry risk management strategy, Essen will be working across RISQ divisions helping improve hedging and reinsurance structures of the ‘RISQ Insurance Platform’ which enables partners to enhance campaigns or products with jackpot payouts backed by RISQ insurance provisions.

Tom Mitchell Chief Commercial Officer at RISQ, said: “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.”

Leading mylotto24 risk management services over a ten-year period, Essen spearheaded the development of international secondary lotteries for the UK, Ireland, South Africa and Australia, delivering a €250 million unit turnover for the business.

Blerina Essen, risk and strategy consultant at RISQ, said: “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.”