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