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

Deal to go down as biggest acquisition by a Japanese insurer

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Nippon Life Insurance already owns 23% of Resolution Life and will pay for the new shares with cash on hand. (Photo by Rie Ishii)

OKI HIDAKA, Nikkei staff writer

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.

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