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Resolution Life Australasia Limited's (“RLA”) A3 insurance financial strength rating (“IFSR”) and Baa2 (hyb) subordinated debt rating are on review for upgrade. The review follows the announcement by Nippon Life Insurance Company (Nippon Life, A1 IFSR) on 11 December 2024, that it had reached an agreement to purchase all the remaining shares of the Resolution Life group, thereby becoming the sole owner of the Group. The acquisition is subject to customary regulatory approvals.
The review for upgrade reflects our expectation that Resolution Life and its subsidiaries could benefit from implicit support as part of Nippon Life, should the acquisition be successfully completed. We believe that Resolution Life aligns well with Nippon Life's strategy and provides a platform for it to diversify into international markets, a trend consistent with Japanese insurers acquiring foreign insurers.
Upon completion of the acquisition, RLA will be combined with MLC Life Insurance, Nippon Life's Australian subsidiary, to form a new primary life insurer. This entity will be run as a joint venture between Nippon Life and Resolution Life.
The full update and credit opinion can be found on the Moody's website.
Important information
Where the information on this website is factual information only, it does not contain any financial product advice or make any recommendations about a financial product or service being right for you. Any advice is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the product disclosure statement and policy document for the product. Any guarantee offered in the product is only provided by Resolution Life. Any Target Market Determinations for our products can be found at resolutionlife.com.au/target-market-determinations.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.com.au/contact-us or by calling 133 731.
