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 multidisciplinary, multi-jurisdictional Mayer Brown team was led by partner and co-leader of the firm's Global Insurance Industry Group, David Alberts, and corporate partners Joe Castelluccio and Camila Panama; partner Vikram Sidhu led on insurance regulatory matters.
Mayer Brown has one of the world's leadingInsurancepractices. 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.
View Nippon Life's press releasehereand Resolution Life's press releasehere.