Nippon Life completes Resolution Life acquisition

Written by Michael Griffiths

31/10/2025

Japanese insurer Nippon Life has completed its acquisition of Resolution Life.

The confirmation follows the announcement in December last year that Nippon Life would be consolidating its ownership interest by acquiring the remaining shares from Resolution Life’s investment limited partnership, in a deal valued at $8.2bn.

Under the new agreement, Resolution Life’s Australasian business will be combined with Nippon Life Insurance Australia and New Zealand Limited to form the Acenda Group.

Acenda is a new primary life insurer open to new business and will be run as a joint venture between Nippon Life and Resolution Life.

Resolution Life and its board will continue under the leadership of Sir Clive Cowdery as chairman and CEO, and Moses Ojeisekhoba as president.

Three new directors have been appointed to the board in Moses Ojeisekhoba, Betsy Ward and Shinsuke Hashizume, while as part of the transaction, Gilles Dellaert, Michael Hovey and Ida Hoghooghi from Blackstone have all resigned from the board.

A statement from Resolution Life said: “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.”

Related Articles