Malibu Life to acquire TruSpire

Written by Adam Cadle

15/10/2025

Malibu Life, the annuity reinsurance platform listed on the London Stock Exchange, has entered into a definitive agreement to acquire TruSpire Retirement Insurance Company (TruSpire).

The acquisition will enable Malibu Life to enter the direct annuity issuance business as early as H1 2026.

“The acquisition of TruSpire meaningfully accelerates our growth plan and offers an opportunity to design annuity products,” said Daniel Loeb, founder of Malibu Life and CEO of Third Point LLC.

“By adding TruSpire’s direct origination capabilities, we are advancing a cornerstone of our business strategy and materially accelerating our path to achieving scale. The acquisition will ensure greater control over policy pricing and terms and help drive enhanced investment returns. As an FHLB member, TruSpire also provides access to greater capital flexibility. In addition, the TruSpire team brings talent and experience across product and operations, and we look forward to welcoming them to Malibu Life.” said Gary Dombowsky, CEO of Malibu Life.

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