Japan's Nippon Life to acquire Resolution Life of U.S. for $8.2bn

TOKYO -- Nippon Life Insurance will acquire American life insurer Resolution Life Group Holdings for $8.2 billion, the biggest acquisition ever by a Japanese insurer, Nikkei learned on Tuesday.

Nippon Life will purchase shares from U.S. investment company Blackstone and other holders to make Resolution Life a wholly owned subsidiary in the second half of 2025. Japan's top life insurer is expected to pay for the acquisition with cash on hand.