Malibu Life completes TruSpire acquisition

Malibu Life  has completed its acquisition of TruSpire Retirement Insurance Company, which will be rebranded as Malibu Life USA, establishing the company’s U.S. retail annuity platform.

The acquisition gives Malibu Life a U.S.-domiciled insurer with broad state licenses, an approved fixed indexed annuity product, and access to the independent agent distribution channel. The company plans to launch its first annuity product under the Malibu Life USA brand in early to mid-September.

The transaction also includes a Bermuda-regulated reinsurer, which Malibu Life intends to retain as part of its broader insurance strategy spanning the U.S., Cayman Islands, and Bermuda.

The deal accelerates Malibu’s plan to combine direct annuity issuance with its existing reinsurance platform and institutional asset management capabilities.