Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S.
Palisade is led by John McNally, president, who most recently led NFP’s Merger & Acquisition Risk Solutions Group that is focused on transaction insurance.
The insurer said that product complements TMK’s IP Infringement Defence product, which has been a core offering in the U.S.
“It often takes our clients months to identify, assess, pilot, and appoint cybersecurity providers, which in today’s fast-moving cyber landscape is itself a risk,” said Tom Reagan, U.S.
“Cybersecurity is a $160 billion global marketplace with thousands of vendors.