Nippon Life Insurance eyes Resolution Life, as Japan’s market shrinks

Nippon Life Insurance of Japan is in advanced talks to buy Bermuda-based insurer Resolution Life from private equity giant Blackstone for $8.2 billion, as first reported by Nikkei. Why it matters: It would be the largest-ever acquisition by a Japanese insurer, and reflects how the sector is seeking to diversify as the domestic population ages and shrinks. Zoom in: Nippon Life…