Nippon Life to Buy Resolution Life for $8.2 Billion, Nikkei Says

Nippon Life Insurance Co. plans to buy Resolution Life Group Holdings for $8.2 billion, Nikkei reported, in what would be the biggest acquisition by a Japanese insurer.

The unlisted insurer is set to purchase shares from holders including Blackstone Inc. to make Resolution a wholly owned unit around the second half of 2025, the newspaper reported on Tuesday, without saying where it got the information.

The company is in talks with Resolution Life regarding an acquisition, a spokeswoman for Nippon Life told Bloomberg, declining to comment further. The Osaka-based firm is already ashareholder in Resolution with a 23% stake, ...