First investing in Resolution Life in 2019, Nippon Life became its largest stakeholder, a move aligned with its goal to broaden international operations and diversify product offerings. Resolution Life, known for managing global insurance brands like AMP Life, will continue its relationship with Blackstone, which will oversee certain asset investments post-acquisition.
The transaction, expected to finalize by June 2025, is pending regulatory approvals, though no specifics about the approving authorities were disclosed.
Nippon Life’s legal advisors on the deal include Nishimura & Asahi, Mayer Brown LLP, Ashurst LLP, DLA Piper, ASW Law Ltd., and Bell Gully. Resolution Life is being advised by Debevoise & Plimpton LLP, Herbert Smith Freehills LLP, and Kirkland & Ellis LLP.
Financial guidance is being provided to Nippon Life by J.P. Morgan Securities PLC and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd., while Goldman Sachs & Co. LLC represents Resolution Life.
This acquisition marks a significant expansion of Nippon Life’s global insurance reach and reinforces its position in the international market.
