Nippon Life to acquire Resolution Life for $8.2bn.

Nippon Life, a Japan insurance company, agreed to acquire Resolution Life, a global life insurance group, for $8.2bn. “For 22 years, Resolution Life and prior Resolution companies have raised our capital from institutional investors and the public markets. I am delighted that we are now going forward under the single ownership and capital support of Nippon Life, an institution I admire and respect. There is a strong foundation of shared values, clarity of vision and breadth of capabilities across our organisations. Combining Resolution Life’s strengths, the investment management expertise of our partners at Blackstone and a well-funded parent gives us the opportunity to accelerate our growth and serve the needs of policyholders into the decades ahead,” Sir Clive Cowdery, Resolution Life Founder and Executive Chairman.