Nippon Life Insurance Company has announced plans to acquire total ownership of Resolution Life in a deal valued at $10.6 billion. Nippon Life will pay $8.2 billion to purchase the remaining shares, completing a partnership that began in 2019 when it first invested in the global life insurance group. The transaction positions Resolution Life as a subsidiary of Nippon Life, strengthening Nippon’s international business while expanding its life insurance and asset management operations. Resolution Life will maintain its leadership under Chairman and CEO Clive Cowdery, with its Australasian operations merging with Nippon’s MLC to form Acenda, a new primary life insurer.
This acquisition bolsters Nippon Life’s strategy to grow internationally, leveraging Resolution Life’s expertise in life and annuity consolidation. Founded in 1889, Nippon Life is Japan’s largest private asset owner, serving 15 million customers globally. Resolution Life, established in 2003, has managed approximately $385 billion in assets across 13 million policies. Blackstone will remain a key investment manager for Resolution Life, continuing to provide private credit and asset origination support. The acquisition, pending regulatory approval, is expected to conclude by H2 2025, marking a significant milestone for both companies in enhancing their capabilities to serve policyholders worldwide.
