Reported 16 days ago
Malibu Life Holdings has agreed to acquire TruSpire Retirement Insurance Company for $45 million, enhancing its annuity product offerings. TruSpire, currently operating under Mutual of America, serves 44 states and aims to launch its first Fixed Indexed Annuity product in 2026. The acquisition is expected to finalize in early 2026, pending regulatory approvals, and will leverage TruSpire's infrastructure for future growth in the fixed annuity market.
Source: YAHOO