Malibu Life Holdings has signed an settlement to accumulate TruSpire Retirement Insurance coverage Firm after its transition to an insurance coverage holding entity.
TruSpire, which operates beneath the umbrella of Mutual of America Life Insurance coverage Firm, is a supplier of life and retirement options in Texas, US.
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The corporate’s attain extends throughout 44 states and it has an accredited Fastened Listed Annuity (FIA) product, together with a community of impartial brokers.
The primary FIA product from TruSpire is anticipated to be obtainable to customers within the first half of 2026.
Malibu Life Holdings plans to utilise TruSpire’s present infrastructure to introduce additional annuity merchandise in subsequent years.
The acquisition additionally encompasses a reinsurer regulated in Bermuda, which Malibu Life Holdings goals to protect and leverage for its enlargement efforts.
The agreed base buy value for the acquisition stands at $45m, with the completion of the deal anticipated in early 2026, pending regulatory approvals.
This announcement follows a current transaction the place Third Level Buyers acquired a whole fairness curiosity in Malibu Life Reinsurance SPC from Malibu Life Holdings.
Malibu Life Holdings, listed on the London Inventory Trade, is thought for its deal with the fastened annuity market within the US.
Third Level CEO and Malibu Life founder Daniel Loeb stated: “The acquisition of TruSpire meaningfully accelerates our development plan and provides a chance to design annuity merchandise that may permit Malibu Life to totally profit from Third Level’s sturdy credit score asset administration platform.”
Malibu Life Holdings is concentrating on a rise in annual premiums and return on fairness.
This technique is supported by its enterprise mannequin, operational scalability and a partnership with Third Level for funding administration.
Malibu Life CEO Gary Dombowsky stated: “By including TruSpire’s direct origination capabilities, we’re advancing a cornerstone of our enterprise technique and materially accelerating our path to attaining scale.
“As an FHLB [Federal Home Loan Bank] member, TruSpire additionally supplies entry to higher capital flexibility. As well as, the TruSpire staff brings expertise and expertise throughout product and operations, and we look ahead to welcoming them to Malibu Life.”
