Highland Europe led a $120m Series B round in Descartes Underwriting.

Highland Europe, a private equity firm, led a $120m Series B round in Descartes Underwriting, an insur-tech firm, with participation from Eurazeo, BlackFin Capital Partners, Serena, Cathay Innovation, Seaya Ventures and Mundi Ventures. "Our aim is to be the global leader in delivering truly revolutionary solutions to brokers, corporations and public entities for these evolving exposures. With the support of our partners, we will continue to develop and deploy a new generation of insurance products that are entirely tech-driven, simpler, more transparent and quicker to pay in the event of a loss – adapted for the new risks corporations and governments increasingly face," Tanguy Touffut, Descartes Underwriting Co-Founder and CEO.