Nippon Life Acquires Resolution Life for $8.2 Billion in Largest Overseas Deal, Valued at 1.2 Trillion Yen

Dec 11, 2024, 08:38 AM

Nippon Life Insurance has announced its acquisition of Resolution Life for $8.2 billion, marking the company's largest overseas deal to date. This strategic move aims to enhance Nippon Life's global footprint and address slowing growth in Japan's domestic market. The acquisition is seen as a significant step in Nippon Life's efforts to expand internationally and boost profitability. The deal, which is valued at approximately 1.2 trillion yen, underscores the increasing trend among Japanese insurers to seek growth opportunities outside of Japan amidst domestic challenges.