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A special session in December and prohibition of assignments of benefits have been cited on the Florida campaign trail.
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The two ILS firms were among those participating in a $20mn fundraise for Elpha Secure Technology.
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The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday.
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Georgia, Virginia and the Carolinas have declared a state of emergency as the storm moves north.
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The storm has sped up considerably over the past six hours.
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The storm is currently at Cat 4 strength but will weaken to Cat 3 as it approaches land.
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The deal will bring cyber modelling and analytics to the risk transfer market.
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Cyber risk ILS will grow slowly in the short-to-medium term, S&P Global Ratings has predicted.
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New research estimates one in six chance of magnitude 7 or higher eruption this century.
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Envelop anticipates that cyber ILS could hit $100mn of GWP within four years
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The new recruit has worked for Argo, Allianz and the European Space Agency.
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This is UPC’s latest attempt to downsize after offloading part of its personal lines business to HCI.