Also, Pacific Life settles an indexed universal life (IUL) suit and adds fixed index annuities (FIAs) while Lincoln Financial progresses on the Rila side.
London-listed Malibu Life Holdings Ltd (Malibu Life) has entered into a definitive agreement to acquire TruSpire Retirement Insurance Co. (TruSpire), one month after its re-launch as an insurance holding company. The acquisition will enable Malibu Life to enter the direct annuity issuance business as early as H1 2026. TruSpire, a wholly owned subsidiary of Mutual of America Life Insurance Co, is domiciled in Texas and licensed in 44 states with AM Best B++ rating. The acquired carrier states t