Mayer Brown Advised Nippon Life On Completion Of $10.6 Billion Acquisition Of Resolution Life

Mayer Brown advised Nippon Life on completion of $10.6 billion acquisition of Resolution Life

Mayer Brown advised Nippon Life Insurance Company (Nippon Life), one of the largest Japanese life insurance companies in the Asia-Pacific region and globally, on the successful closing of its acquisition of Resolution Life Group Holdings Ltd., a global life and annuity insurance group. The transaction values Resolution Life at approximately $10.6 billion.

At the closing of the transaction, Resolution Life’s institutional business in the US, UK, Bermuda, and Singapore became 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, Nippon Life Insurance Australia and New Zealand Limited (formerly MLC Limited).

The Mayer Brown team was led by, David Alberts (Partner and co-leader of the firm’s Global Insurance Industry Group), and Joe Castelluccio (Corporate Partner), and Camila Panama (Partner), Vikram Sidhu (Partner) led on insurance regulatory matters.

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