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

flag 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. flag 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. flag Nippon Life plans to make Resolution Life a wholly-owned subsidiary by mid-2025, using its cash reserves to finance the acquisition. flag This acquisition follows Nippon Life's $3.8 billion investment in US insurer Corebridge Financial in May.

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