Mayer Brown Advises Nippon Life on $10.6 Billion Acquisition of Resolution Life

Mayer Brown is advising Nippon Life Insurance Company (Nippon Life), one of the largest Japanese life insurance companies in the Asia-Pacific region and globally, on its acquisition of Resolution Life, a global life and annuity insurance group. The transaction values Resolution Life at approximately $10.6 billion and is subject to regulatory approval and other customary closing conditions. The transaction is anticipated to close in the second half of 2025.

Following the acquisition, Resolution Life’s institutional business in the US, UK, Bermuda, and Singapore will become a subsidiary of Nippon Life, creating a new division that complements Nippon Life’s Japanese life business, as well as its international asset management and retail businesses. The transaction includes the combination of Resolution Life’s Australasian business with Nippon Life’s Australian company, MLC.

The multidisciplinary, multi-jurisdictional Mayer Brown team is led by partner and co-leader of the firm’s Global Insurance Industry Group, David Alberts, and corporate partners Joe Castelluccio and Camila Panama.

Mayer Brown has one of the world’s leading Insurance practices. The firm advises insurance industry clients on a broad spectrum of strategic corporate and mergers and acquisitions matters, including public and private company acquisitions and dispositions, all manner of reinsurance transactions, investments, sophisticated insurance structured finance work, board advisory and corporate governance advice, as well as regulatory and litigation matters. This includes representing clients in matters across global markets, including the US, UK, Bermuda, and Japan, among others.