MassMutual’s international insurance holding company MassMutual International and Nippon Life, Japan’s leading life insurer, have announced the completion of the sale of 85.1 percent of MassMutual Japan, its Japanese life insurance and wealth management subsidiary, to Nippon Life. The transaction was first announced in March 2018. MassMutual International will retain 15 percent of the company and receive approximately JPY 104.2 billion (about USD 955 million) in cash. MassMutual Japan

Massachusetts Mutual Life Insurance Company’s (MassMutual) international insurance holding company MassMutual International in March 2018 sold 85% of its wholly owned subsidiary MassMutual Japan to Nippon Life. MassMutual Japan, formerly known as Heiwa Life, was acquired by MassMutual in 2001. MassMutual will receive approximately USD 935 million in cash (JPY 104 billion) and retain approximately 15 percent ownership in MassMutual Japan. The transaction is expected to close in the first

Massachusetts Mutual Life Insurance Company (MassMutual) in August 2017 sold its Hong Kong-based subsidiary, MassMutual Asia, to Yunfeng Financial Group and other Asia-based investors for approximately $1.7 billion, including a 24.8% stake in Yunfeng Financial Group. MassMutual Asia owns a P/C insurer and MassMutual Trustees, which focuses on the Mandatory Provident Fund business, a compulsory pension plan for the retirement of residents in Hong Kong. According to the joint