Official press releases from Nippon Life or Resolution Life, financial news outlets

Japan's Largest Insurer, Nippon Life, in Final Talks to Buy Resolution Life for $8.2 Billion

Dec 10, 2024, 11:10 AM

Nippon Life Insurance Co., Japan's largest life insurer, is set to acquire Resolution Life Group Holdings, a U.S. insurer, for approximately $8.2 billion. This deal, which has been reported by Nikkei and confirmed by Resolution Life, would mark the largest acquisition by a Japanese insurer to date. The acquisition aims to expand Nippon Life's business overseas amidst a shrinking domestic market. The transaction is in the final stages of negotiation, highlighting Nippon Life's strategic move to bolster its presence in the global insurance market.