TOKYO (dpa-AFX) - Japanese heavyweight insurer Nippon Life Insurance Co. is reportedly in talks to acquire Bermuda-based Resolution Life Group Holdings in $8.2 billion deal. According to Nikkei business daily, the deal would be the largest ever foreign acquisition by a Japanese insurer.
The acquisition is expected in the second half of 2025. Nippon Life already holds a stake in Resolution and might be buying shares from Blackstone and other holders, using cash on hand.
The acquisition will be offering Nippon an opportunity for a short-cut for expansion as Japanese markets seem to be in stagnation.
Resolution Life has $85 billion assets under management and $5.7 billion equity capital. Resolution serves through three businesses such as Resolution Re, Resolution Life US and Resolution Life Australasia and serves insurers in North America, Europe, Australasia and Asia.
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