Nippon Life Agrees to Acquire Resolution Life for $8.2 Billion

Nippon Life has agreed to acquire global life insurance player Resolution Life for approximately $8.2 billion. The company also purchased the remaining 20% stake of MLC Life from National Australia Bank (NAB) and will merge MLC with Resolution Life Australasia for A$500 million ($319 million). Nippon Life initially bought an 80% stake from NAB in October 2016, and the sale of the 20% share is expected to be completed in the second half of 2025. Resolution Life is a Bermuda-based life insurer with assets in the US, Australia, and New Zealand. It also owns Resolution Re, which provides life reinsurance to companies in Asia, Europe, and the US.