Nippon Life Insurance is set to acquire US insurer Resolution Life for $8.2 billion, its largest foreign deal.

Nippon Life Insurance, a Japanese insurer, is in final talks to acquire US-based Resolution Life Group Holdings for $8.2 billion, marking the largest foreign acquisition by a Japanese insurer. This move reflects Japanese insurers' strategy to expand in the US due to limited growth opportunities in Japan, where the population is aging and shrinking. Nippon Life plans to make Resolution Life a wholly-owned subsidiary by mid-2025, using its cash reserves to finance the acquisition. This acquisition follows Nippon Life's $3.8 billion investment in US insurer Corebridge Financial in May.

4 months ago
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