Japanese insurer Nippon Life Insurance (Nippon Life) has completed its acquisition of global life insurance group Resolution Life, the latter announced in a 31 October 2025 press release.
The acquisition was first announced in December last year. In what is described as the largest acquisition by a Japanese insurer, Nippon Life will consolidate its ownership by acquiring the remaining shares held by Resolution Life’s investment limited partnership.
The deal will also see Resolution Life’s Australasian business combined with Nippon Life Insurance Australia and New Zealand Limited to form Acenda Group — a new primary life insurer operated as a joint venture between the two merging firms.
Resolution Life and its board will continue under the leadership of Sir Clive Cowdery as chairman and CEO, alongside Moses Ojeisekhoba as president. The board has appointed three new directors: Ojeisekhoba, Betsy Ward, and Shinsuke Hashizume.
In connection with the transaction, Gilles Dellaert, Michael Hovey, and Ida Hoghooghi of Blackstone have stepped down from the board. The company expressed its gratitude to them for their valuable contributions.
“Resolution Life will continue its mission of being a global custodian to the life insurance and annuity industry by providing capital for growth, removing stranded costs, and mitigating long-term risks so that the industry can continue to respond to the needs of policyholders,” the company said.