Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion

Nippon Life Insurance is in the final stages of buyout talks with U.S. life insurer Resolution Life Group Holdings, Resolution said on Tuesday, in what would reportedly be a $8.2 billion deal that highlights Japanese insurers’ hunt for growth in the world’s biggest economy.

The acquisition, which was first reported by the Nikkei business daily, would be worth around $8.2 billion, the newspaper said. If the deal goes ahead, it will be the largest ever foreign acquisition by a Japanese insurer.

Nippon Life will purchase the shares it does not already own in Resolution Life from Blackstone and others to make it a wholly owned subsidiary in the second half of 2025 and will pay for the acquisition with cash on hand, the Nikkei said.