Two leading life insurance businesses to merge

December 11, 2024 12:54

Nippon Life Insurance Company, a global life insurance and asset manager provider, has announced the acquisition of 100% of the shares of Resolution Life, which will see it merge with MLC Life Insurance.

Creating one of Australia’s largest life insurance businesses, to be known as Acenda, the combined entity will service 2 million customers and partners.

It will have a focus on growth and new business, offering scale and stability to ensure it will be able to meet the evolving needs of Aussies.

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Lauren McNamara

Lauren McNamara is a freelance journalist. She previously spent three years at Mumbrella, most recently as the associate editor. She left her staff role in August 2025.

Topics

Acenda MLC Life Insurance Nippon Life Nippon Life Insurance Company Resolution Life

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Two leading life insurance businesses to merge

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