China: Property insurer HIC nets $161m from Sequoia, Didi, Legend Holdings, among others

China: Property insurer HIC nets $161m from Sequoia, Didi, Legend Holdings, among others

Barra da Tijuca, Brazil. Photo: Breno Assis/unsplash

Hyundai Insurance (China) Company Limited (HIC), the Beijing-based property insurance affiliate of Korean insurance firm Hyundai Marine & Fire Insurance (HMF), has roped in four new investors including Sequoia Capital China, China’s Legend Holdings and ride-hailing giant Didi Chuxing.

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