Nippon Life set to make largest insurer acquisition with $8.2B deal

Nippon Life Insurance (NS:LIFI ) Co. is gearing up to acquire Resolution Life Group Holdings for a sum of $8.2 billion, according to Nikkei .

This transaction is anticipated to be the largest ever made by a Japanese insurance company.

The deal is expected to finalize around the second half of 2025, with Nippon Life planning to purchase shares from various stakeholders, including Blackstone (NYSE:BX ) Inc., ultimately making Resolution Life a wholly owned subsidiary.

The Osaka-based Nippon Life, which already holds a 23% stake in Resolution Life, has incrementally invested $1.65 billion in the company over recent years.

The acquisition aligns with Nippon Life's broader strategy to diversify its portfolio and establish new avenues for growth, particularly in asset management and healthcare sectors. The insurer is actively exploring substantial investment opportunities in major overseas markets, including the United States, by fostering connections with potential acquisition targets.

Resolution Life specializes in the acquisition and management of life insurance policy portfolios. With its headquarters in Bermuda, the company has a presence in several international markets, such as the United Kingdom (TADAWUL:4280 ), the United States, Australia, and New Zealand.

In addition to its prospective acquisition of Resolution Life, Nippon Life recently completed a significant investment on Tuesday, securing a 21% stake in Corebridge Financial Inc. from American International Group Inc (NYSE:AIG ). for $3.8 billion.

Domestically, Nippon Life has also broadened its reach by acquiring Nichii Holdings, a provider of nursing and child care services, for ¥210 billion ($1.4 billion) earlier this year.

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Source: Investing.com