Malibu Life to acquire TruSpire Retirement Insurance

Core Insights - Malibu Life Holdings has signed an agreement to acquire TruSpire Retirement Insurance Company, which will enhance its life and retirement solutions offerings in the US market [1][2] - The acquisition is valued at $45 million and is expected to be completed in early 2026, pending regulatory approvals [3] - The deal includes a reinsurer regulated in Bermuda, which Malibu Life Holdings plans to leverage for its expansion [2][4] Company Strategy - The acquisition of TruSpire is aimed at accelerating Malibu Life's growth plan and enhancing its product offerings, particularly in the fixed indexed annuity market [4][5] - Malibu Life Holdings intends to utilize TruSpire's existing infrastructure to introduce additional annuity products in the coming years, with the first FIA product expected to be available in the first half of 2026 [2][4] - The company is targeting an increase in annual premiums and return on equity, supported by its operational scalability and partnership with Third Point for investment management [4][5] Market Position - TruSpire operates under Mutual of America Life Insurance Company and provides life and retirement solutions across 44 states in the US [1] - The acquisition is seen as a strategic move to enhance Malibu Life's direct origination capabilities and access to greater capital flexibility as a Federal Home Loan Bank member [5]