Japan's Nippon Life has agreed to acquire global life insurance player Resolution Life for around $8.2 billion, according to a company announcement on December 11.
In addition the firm has bought the remaining 20% of MLC Life from National Australia Bank NAB and will merge MLC with Resolution Life Australasia for A$500 million $319 million. Nippon Life had originally bought a 80% stake from NAB in October 2016, and the 20% stake sale is expected to be completed in the second half of 2025.
Resolution Life is a Bermuda-headquartered life insurer with assets in the US, Australia and New Zealand. It also owns...
¬ Haymarket Media Limited. All rights reserved.
