The transaction brings an approved fixed indexed annuity product, independent-agent distribution access and a Bermuda-regulated reinsurer to the group.
London-listed insurance holding firm Malibu Life Holdings (Malibu Life) has completed its acquisition of TruSpire Retirement Insurance Company. TruSpire will be rebranded as Malibu Life USA As part of the transaction, TruSpire will be rebranded as Malibu Life USA, becoming the group’s US retail annuity origination platform. The company is targeting the launch of its first annuity product between early and mid-September. Malibu Life said the acquisition enhances its ability to originat