Malibu Life Holdings Limited
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Malibu Life Holdings Limited - overview
Established
2024
Location
-, -, UK
Primary Industry
Insurance
About
Based in Cayman Island, Malibu Life Holdings Limited is a life and annuity reinsurer that specializes in asset-intensive reinsurance solutions. In May 2024, Third Point formed Malibu Life Reinsurance. Malibu Life Holdings Limited is a licensed life and annuity reinsurer. The company specializes in providing asset-intensive reinsurance solutions, focusing primarily on the life and annuity sector.
Malibu Life Holdings Limited is structured to offer quota share reinsurance agreements, and it has entered into a treaty with a major U. S. annuity provider to reinsure USD 3 billion in annuity products. Malibu Life Holdings Limited benefits from Third Point LLC's investment management and strategic services, which include leveraging the firm's expertise in sourcing credit asset spreads and managing diversified portfolios.
The reinsurer’s investment strategy emphasizes traditional, liquid investment strategies and bespoke, liability-driven programs tailored to insurers' needs. The May 2024 investment will enable the company to grow in the asset intensive life and annuity reinsurance market.
Current Investors
Third Point
Primary Industry
Insurance
Sub Industries
Reinsurance
Website
www.malibulifeinsurance.com/
Total Amount Raised
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Malibu Life Holdings Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Announced | TruSpire Retirement Insurance Company | - | ||||||||
| Company Formation | Completed | Malibu Life Holdings Limited | - |
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