Nippon Life Insurance Company has completed the acquisition of Resolution Life, enhancing growth potential and creating a new joint venture, Acenda Group, in the Australasian market.

Target Information

Resolution Life, a prominent global life insurance group specializing in reinsurance and the management of life insurance policy portfolios, has successfully completed its acquisition by Nippon Life Insurance Company. This strategic move will enhance the growth trajectory for both entities in the burgeoning life and annuity consolidation sector, which is valued at several trillion dollars globally.

The acquisition will see Resolution Life's Australasian operations merged with Nippon Life Insurance Australia and New Zealand Limited to establish Acenda Group, a new primary life insurer open to taking on new business. Leadership at Resolution Life will remain unchanged, with Sir Clive Cowdery continuing as Chairman and CEO and Moses Ojeisekhoba serving as President.

Industry Overview

The life insurance industry in Australia and New Zealand has shown substantial resilience and adaptability over the past few years, driven by a growing awareness among consumers about the