Nippon Life to Acquire Resolution Life for $8.2 Billion

In a groundbreaking move, Nippon Life Insurance has announced its intention to acquire U.S. life insurer Resolution Life Group Holdings for approximately $8.2 billion. This acquisition, reported by the Nikkei, would mark the largest acquisition ever undertaken by a Japanese insurer.

Nippon Life plans to purchase the remaining shares of Resolution Life from Blackstone and other stakeholders, making it a wholly owned subsidiary by the second half of 2025. The transaction will be financed using the company's cash reserves.

A spokesperson for Nippon Life confirmed ongoing discussions with Resolution Life but refrained from disclosing the specifics of the negotiations.

This strategic acquisition follows Nippon Life's earlier investment this year, where it acquired a 20% stake in U.S. insurance firm Corebridge Financial for $3.8 billion in May. These moves underscore Nippon Life's aggressive expansion strategy in the global insurance market.