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Third Point announces launch of Malibu Life Re

Written by Adam Cadle
03/05/2024

New York-based alternative asset manager, Third Point LLC, has announced the launch of Malibu Life Reinsurance (Malibu Life Re), a licensed life and annuity reinsurer based in the Cayman Islands.

Malibu Life Re will focus on providing asset-intensive reinsurance solutions and has entered into a treaty with a leading US annuity provider to reinsure $3bn of annuity products in a quota share flow agreement. Third Point LLC will provide investment management and strategic services to Malibu Life Re.

Third Point LLC founder and CEO, Daniel Loeb, said: “We are excited to form Malibu Life Re to provide attractive capital solutions in the life and annuity space in partnership with leading insurers. We expect that the nimble, multi-asset class investment strategy we have designed over almost thirty years can be leveraged to deliver favourable long-term risk-adjusted returns for Malibu Life Re’s clients and partners.”


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