Nippon Life has agreed to acquire full ownership of Resolution Life Group Holdings by purchasing the remaining shares it does not already own. Resolution Life will become a wholly owned subsidiary of Nippon Life.

Nippon Life has also reached an agreement to buy the remaining 20 percent of MLC Life Insurance shares that it does not own from National Australia Bank Ltd (NAB). Alongside this, Nippon Life will integrate MLC Life Insurance with Resolution Life Australasia Ltd (a regional arm of Resolution Life) into a combined entity.

Resolution Life is a global insurance group specialising in acquiring and managing life insurance policy portfolios. Through this transaction, Nippon Life aims to expand its presence in the large and growing US life insurance market while strengthening its Australian life insurance business via the integration. By leveraging the capabilities of these overseas subsidiaries, Nippon Life seeks to achieve long-term, stable growth in international