Malibu Life Holdings Limited (formerly Third Point Investors Limited) is a specialized life and annuity reinsurance company listed on the London Stock Exchange. The company's core business model centers on providing capital-efficient, asset-intensive reinsurance solutions to primary life insurers, with a specific focus on the rapidly growing U.S. fixed and fixed-index annuity markets. Through its principal subsidiary, Malibu Life Reinsurance SPC, the company assumes long-duration annuity liabilities and seeks to generate a net spread by investing the associated premium assets. A key competitive advantage is its strategic partnership with alternative investment manager Third Point LLC, which provides differentiated asset origination and liability-driven portfolio management designed to optimize capital and manage risk. In late 2025, Malibu Life expanded its capabilities beyond reinsurance by acquiring TruSpire Retirement Insurance Company, a Texas-domiciled provider of life and retirement solutions, enabling the platform to enter the direct annuity origination market. The company generates revenue primarily through reinsurance premiums and investment income on its asset portfolio. Originally established in 2007 as a closed-ended feeder fund investing in Third Point's hedge funds, the entity completed a transformative merger in September 2025 to become a unified, fully capitalized commercial reinsurance operating company.
