December 11, 2024
Mayer Brown is providing counsel to Nippon Life Insurance Company (Nippon Life) regarding its acquisition of Resolution Life. Nippon Life, a major Japanese life insurance company, is expanding its global reach through this $10.6 billion transaction.
The acquisition is subject to regulatory approval and is expected to close in the second half of 2025. Once finalized, Resolution Life’s institutional businesses in the US, UK, Bermuda, and Singapore will become a subsidiary of Nippon Life. This will create a new division that complements Nippon Life’s existing Japanese life business, along with its international asset management and retail operations. As part of the deal, Resolution Life’s Australasian business will be combined with Nippon Life’s Australian company, MLC.
The Mayer Brown team handling this multi-faceted, multi-jurisdictional matter is spearheaded by David Alberts, partner and co-leader of the firm’s Global Insurance Industry Group, alongside corporate partners Joe Castelluccio and Camila Panama.
Mayer Brown’s Insurance practice is recognized globally. The firm offers counsel to insurance industry clients on a broad spectrum of strategic corporate and mergers and acquisitions matters. These include acquisitions and dispositions for both public and private companies, various reinsurance transactions, investments, complex insurance-structured finance operations, board advisory and corporate governance advice, regulatory matters, and litigation. The firm represents clients in markets worldwide, including the US, UK, Bermuda, and Japan.
View Nippon Life’s press release here and Resolution Life’s press release here.
Contacts
David W. Alberts Partner New York +1 212 506 2611 [email protected]
Joseph A. Castelluccio Partner New York +1 212 506 2285 [email protected]
Camila Panama Partner New York +1 212 506 2764 [email protected]
