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Nippon Life to buy Resolution Life for $8.2 bln, Nikkei says
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Nippon Life to buy Resolution Life for $8.2 bln, Nikkei says
Dec 10, 2024 12:34 AM

TOKYO, Dec 10 (Reuters) - Nippon Life Insurance

will buy U.S. life insurer Resolution Life Group

Holdings for about $8.2 billion in what would be the biggest

acquisition ever by a Japanese insurer, Nikkei reported on

Tuesday.

Nippon Life will purchase the shares it does not already own

in Resolution Life from Blackstone and others to make it

a wholly owned subsidiary in the second half of 2025. It will

pay for the acquisition with cash on hand.

A spokesperson for Nippon Life said the company was in talks

with Resolution Life, but added it could not disclose what the

discussions were about.

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