PR Newswire
LONDON, United Kingdom, May 14
FOR IMMEDIATE RELEASE
Malibu Life Appoints Todd D. Shriber as Chief Executive Officer to Lead Next
Phase of Growth
Outgoing CEO Gary Dombowsky to Continue as Non-Executive Director of Malibu Life
Reinsurance SPC and Senior Advisor
George Town, Cayman Islands – May 14, 2026 – Malibu Life Holdings Limited
(«Malibu Life» or the «Company») (LSE: MLHL) today announced the appointment of
Todd D. Shriber as Chief Executive Officer, effective Monday, July 20, 2026. Mr.
Shriber succeeds Gary Dombowsky, who will step down as Chief Executive Officer
of the Company on Monday, July 20, 2026 but will continue to serve on the Board
of Malibu Life Reinsurance SPC as a Non-Executive Director and as a Senior
Advisor to the business. Mr. Shriber is expected to join the Board of Malibu
Life upon his appointment becoming effective and the Boards of certain operating
subsidiaries, subject to any required regulatory approvals.
Mr. Shriber’s appointment marks the next phase in Malibu Life’s evolution. The
Company is positioned to accelerate growth across reinsurance and to expand into
U.S. direct annuity origination, supported by its strategic partnership with
Third Point LLC and a robust pipeline of opportunities.
A Proven Strategist and Operator for Financial Services at Scale
Mr. Shriber brings more than 25 years of financial services leadership
experience, with a track record of leading scaled businesses, creating and
executing complex strategies, and driving profitable growth in regulated
environments.
He joins Malibu Life from Prudential Financial, where he recently served as
Chief Operating Officer and Head of Strategy for the firm’s Global Retirement
and Insurance businesses – a portfolio representing more than $40 billion in
annual sales across the United States, Japan, Brazil, and other markets.
During his 14 years at Prudential, Mr. Shriber held a series of roles of
increasing responsibility, including Chief Strategy Officer for Prudential’s
U.S. businesses. Prior to Prudential, Mr. Shriber spent 11 years at Morgan
Stanley Wealth Management and Citigroup Smith Barney, most recently as Managing
Director and Business Head of Insurance & Annuities. He began his career at
PricewaterhouseCoopers in the firm’s Strategic Change practice, advising clients
on strategy and large-scale transformation.
Mr. Shriber holds an MBA from the University of Chicago Booth School of Business
and a Bachelor of Arts from Harvard University. He is a CFA charterholder.
There is no information concerning Mr. Shriber that requires disclosure under UK
Listing Rule 6.4.8R.
Leadership Commentary
«Todd is exactly the right leader for Malibu Life at this point in our journey,»
said Dimitri Goulandris, Chair of the Board of Directors. «Following a thorough
search process, the Board concluded that Todd’s combination of strategic acumen,
operating discipline, and deep experience in retirement and insurance at global
scale is uniquely suited to the opportunity ahead. He has built and run
businesses of meaningful complexity and delivered results in highly regulated
environments. We are delighted to welcome him.»
«Malibu Life is a rare opportunity – a purpose-built platform with a public
listing, a clear strategic mandate, and a market backdrop that strongly favors
institutional-grade insurers with differentiated investment capabilities,» said
Mr. Shriber. «I am energized by what Gary and the team have built, and by the
partnership with Third Point. My focus will be on growing Malibu Life with
discipline and pace: expanding our reinsurance footprint, advancing our direct
origination strategy, and building the talent and infrastructure to deliver
sustainable returns for shareholders.»
«This appointment reflects the strategic importance of Malibu Life within Third
Point’s broader investment platform,» said Daniel S. Loeb, Chief Executive
Officer and Chief Investment Officer of Third Point. «Todd brings the operating
capability and credibility to lead Malibu Life at this stage of development, and
his experience across annuities, retirement, and insurance distribution maps
directly to Malibu’s growth ambitions. We look forward to a long and productive
partnership and to supporting Todd and the team as they execute on the
significant opportunity ahead.»
«It has been a privilege to lead Malibu Life through its formation and the
transition to a publicly listed operating company,» said Gary Dombowsky,
outgoing Chief Executive Officer. «Todd is the ideal leader to take the business
forward. His track record speaks for itself, and I am pleased to continue
supporting him and the Board as the Company enters its next chapter of growth.»
About Malibu Life Holdings Limited
Malibu Life Holdings Limited is a publicly traded insurance and reinsurance
platform listed on the London Stock Exchange (LSE: MLHL). Its subsidiary entity,
Malibu Life Reinsurance SPC, partners with insurers by providing capital
-efficient, asset-intensive reinsurance solutions and is expanding its
capabilities into direct annuity origination through strategic acquisitions. The
Company targets predictable, scalable growth in the rapidly expanding U.S. fixed
annuity market, leveraging its strategic partnership with Third Point LLC to
deliver differentiated asset origination and portfolio construction
capabilities.
Media Contact
Kekst CNC
Richard Campbell
+44 7775 784 933
Elisabeth Heilbronner-Lahoud
+44 7779 867 219
Investor Relations
+1 212-715-6707
[email protected]
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