Nippon Life in talks to buy remaining stake in Resolution Life from Blackstone for $8.2b

Nippon Life in talks to buy remaining stake in Resolution Life from Blackstone for $8.2b

FILE PHOTO: The logo of the Nippon Life Insurance Co. is displayed at the company's headquarters in Tokyo, Japan. February 26, 2019. REUTERS/Hideyuki Sano/File Photo

Nippon Life Insurance is in the final stages of buyout talks with US life insurer Resolution Life Group Holdings, Resolution said on Tuesday, in what would reportedly be a $8.2 billion deal that highlights Japanese insurers’ hunt for growth in the world’s biggest economy.