Hyundai Marine and Fire Insurance

Hyundai Marine & Fire Insurance Co. is the second-largest non-life insurance company in South Korea with 44 trillion won in assets as of the end of 2022. It committed $25 million to Carlyle Group’s first global infrastructure fund in 2019. The insurance firm owns 100% of Hyundai Investment Co. which has been ramping up alternative investments with 11 trillion won in assets under management.