Nippon Life Insurance Company is to make an additional investment commitment of $1 billion in Resolution Life – a global life and annuity insurance consolidation business – following a recently announced strategic partnership between Resolution Life and Blackstone.
Nippon Life Insurance Company (Nippon Life) is to make an additional investment commitment of $1 billion in Resolution Life – a global life and annuity insurance consolidation business – following a recently announced strategic partnership between Resolution Life and Blackstone.
Since 2019, Nippon Life has been the largest investor in Resolution Life, supporting its growth through eight transactions to a company with over $80 billion of reserves and three million policies under management across three international platforms. This latest commitment brings its cumulative investment in the business to $1.65 billion.
Under the terms of the partnership between Blackstone and Nippon Life, Blackstone has become Resolution Life’s investment manager for certain key areas, including directly originated assets across the private credit, real estate and asset-based-finance markets.
Resolution Life and Blackstone plan to raise $3 billion of new equity capital for Resolution Life – including this additional $1 billion investment from Nippon Life and a $500 million strategic investment from Blackstone – which is expected to bring the company’s overall equity capital base to c$8 billion.
