Malibu Life Holdings is set to acquire TruSpire Retirement Insurance Company, expanding its reach in the US life and retirement solutions market. The $45m deal includes a reinsurer in Bermuda, with plans to introduce new annuity products and increase annual premiums. Completion expected in early 2026 pending regulatory approvals.

The acquisition of TruSpire by Malibu Life Holdings accelerates growth plans and offers an opportunity to develop annuity products benefiting from robust credit asset management platform. Malibu Life aims to increase return on equity with operational scalability and investment management partnership with Third Point.

Malibu Life CEO, Gary Dombowsky, highlights benefits of adding TruSpire’s capabilities, including greater capital flexibility as an FHLB member. The acquisition enhances business strategy, accelerates scale, and brings talent and experience to Malibu Life. The deal signifies a strategic move towards achieving growth and scale in the fixed annuity market.

Read more at Yahoo Finance: Malibu Life to acquire TruSpire Retirement Insurance