Log In

Reset Password

Nippon Life invests $1 billion in Resolution Life

First Prev 1 2 Next Last
Sir Clive Cowdery, founder and executive chairman of Resolution Life (File photograph)

Nippon Life Insurance Company, the Osaka-based organisation that is the largest Japanese life insurance company by revenue, has agreed to invest an additional $1 billion in Resolution Life, the Bermudian-regulated global life insurance group.

The commitment follows the recently announced strategic partnership between Resolution Life and Blackstone, the world’s largest alternative asset manager.

In a statement, Resolution Life said Nippon Life believes that the strategic partnership will accelerate the growth and development of Resolution Life.

Since 2019, Nippon Life has been the largest investor in Resolution Life, supporting its growth through eight transactions to a company with $80 billion-plus of reserves and 3 million policies under management across three international platforms.

Having invested $650 million so far, this additional $1 billion commitment from Nippon Life is expected to bring their cumulative investment to $1.65 billion.

Sir Clive Cowdery, founder and executive chairman of Resolution Life, said: “I am honoured to have the continued partnership of Nippon Life, an institution I admire and respect.

“There is a strong foundation of shared values, clarity of vision and breadth of capabilities across our organisations.”

Gilles Dellaert, global head of Blackstone Insurance Solutions, added: “We thank Nippon Life – a leader in global life insurance – for their partnership as we work with Clive and his team to help drive the continued growth of Resolution Life.

“We believe Blackstone’s private credit and asset origination capabilities can help deliver increased value to investors and greater financial security to policyholders in the years ahead.”

Nippon Life’s additional investment is subject to regulatory approvals and anticipated to be made in the second half of 2023.

Resolution Life is a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies.

It has operations in Bermuda, the UK, the US, Australia and New Zealand.

Gilles Dellaert, global head of Blackstone Insurance Solutions (File photograph)

You must be Registered or to post comment or to vote.

Published February 01, 2023 at 1:25 am (Updated February 01, 2023 at 1:25 am)

Nippon Life invests $1 billion in Resolution Life

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon