Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
Transaction creates Malibu Life’s direct U.S. annuity origination platform, with inaugural product launch targeted for early-to-mid September.
Malibu Life Holdings Limited (“Malibu Life” or the “Company”), a London Stock Exchange-listed insurance holding company focused on the U.S. retirement and annuity market, today announced the successful closing of its acquisition of TruSpire Retirement Insurance Company (“TruSpire”), which will be rebranded as Malibu Life USA.
The closing marks a major milestone in Malibu Life’s transformation into a scaled, vertically integrated insurance platform and establishes Malibu Life USA as the Company’s U.S. retail annuity origination engine. Malibu Life USA’s inaugural product launch is targeted for early-to-mid September, positioning the platform to participate meaningfully in one of the most attractive and fastest-growing segments of the U.S. retirement market.
“This is a defining moment for Malibu Life,” said current Chief Executive Officer Gary Dombowsky. “I am especially pleased to have completed this acquisition ahead of my retirement on July 20th, leaving Todd Shriber, our incoming Chief Executive Officer, with a platform that is well positioned to scale. With the Malibu Life USA brand now in place, we are moving decisively from strategy into execution, supported by the operating platform, distribution access, regulatory footprint and product capabilities needed to establish Malibu USA as a powerful growth engine and an important new entrant in the retail annuity market.”
