Japanese insurance giant Nippon Life Insurance Co. is reportedly in advanced discussions to acquire Bermuda-based Resolution Life Group Holdings, in a transaction valued at $8.2 billion. As reported by Nikkei Business Daily, this acquisition would represent the largest foreign purchase ever made by a Japanese insurer.
The deal is anticipated to close in the latter half of 2025. Nippon Life, which currently owns a stake in Resolution Life, is likely to acquire additional shares from existing shareholders, including Blackstone, using its available cash reserves.
This strategic acquisition will provide Nippon Life with an expedited route for growth, especially as domestic markets in Japan appear stagnant.
Resolution Life manages assets worth $85 billion and has equity capital amounting to $5.7 billion. The company operates through three key divisions: Resolution Re, Resolution Life US, and Resolution Life Australasia, and serves insurance providers across North America, Europe, Australasia, and Asia.
