3rd Aug 2026 06:59
Malibu Life Holdings Ltd - Grand Cayman-based life and annuity reinsurance - Seeks to raise up to USD125 million from the sale of 8.6 million new shares at USD14.50, to fund growth of the company's reinsurance and direct origination platform. Malibu Life on Friday says about USD109 million already has been conditionally placed with institutional and other investors. Malibu Life took its current form in September last year from the reverse takeover of Malibu Life Reinsurance SPC by Third Point Investors Ltd. Early last month, Malibu Life closed the acquisition of TruSpire Retirement Insurance Co, which will be rebranded as Malibu Life USA. The fresh cash will be used to scale the company's reinsurance operations while preserving capital adequacy.
Current stock price: USD15.85
12-month change: down 39%
By Tom Waite, Alliance News editor
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