Nippon Life in talks to buy US' Resolution Life in deal worth $8.2 bn

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Nippon Life in talks to buy US' Resolution Life in deal worth $8.2 bn - Business Standard

Quick Summary:

Resolution Life is a closed-book insurer that purchases existing insurance policies from insurers in the US and other countries.

It has also sought to diversify its domestic business, buying nursing care provider Nichii Holdings for 1.4 billion in November last year, but it has lagged other Japanese insurers in US acquisitions.

A spokesperson for Nippon Life said the company was in talks with Resolution Life, but added it could not disclose what the discussions were about.Vedanta faces Rs 1.