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MassMutual International sells 85.1 percent of MassMutual Japan to Nippon Life

May 2018

Jones Day advised MassMutual International LLC in its sale of 85.1 percent of the shares of MassMutual Japan, MassMutual's wholly-owned life insurance and wealth affiliate, to Nippon Life for JPY104.2 billion (approximately US$955 million). Effective January 1, 2019, MassMutual Japan will be known as Nippon Wealth Life Insurance Company Ltd. As part of the transaction, Jones Day also represented MassMutual in connection with a strategic cooperation agreement with Nippon Life to explore partnership opportunities between the two insurance groups.

For additional information about this matter, please contact: Gregory R. Salathé, Makiko Ushijima

Client(s): MassMutual International LLC
Office(s): Tokyo, Singapore, Boston