Malibu Life, the Cayman Islands-based life insurance and reinsurance group listed on the London Stock Exchange under the ticker MLHL, has announced the appointment of Todd D. Shriber as its new Chief Executive Officer, effective 20 July 2026.
Shriber will take over from Gary Dombowsky, who is stepping down from the position but will remain connected to the business as a Non-Executive Director of Malibu Life Reinsurance SPC and as a Senior Advisor. The company added that Shriber is expected to join Malibu Life’s Board of Directors, along with the boards of certain operating subsidiaries, subject to regulatory approval.
Malibu Life said the leadership change comes as the company enters what it described as its next stage of development, with plans to increase growth across its reinsurance operations and broaden its presence in the U.S. direct annuity market through its strategic partnership with Third Point LLC.
Shriber brings more than two decades of experience in financial services, including senior leadership positions overseeing large and regulated businesses. He joins the company from Prudential Financial, where he most recently served as Chief Operating Officer and Head of Strategy for the company’s Global Retirement and Insurance division, which Malibu Life said generates more than $40 billion in annual sales across markets including the United States, Japan and Brazil.
He has held several senior strategic positions, including Chief Strategy Officer for Prudential’s US businesses. Earlier in his career, he worked at Morgan Stanley Wealth Management and Citigroup Smith Barney, where he most recently served as Managing Director and Business Head of Insurance & Annuities.
He began his professional career at PwC within the firm’s Strategic Change practice, advising clients on business strategy and transformation initiatives.
Shriber holds an MBA from the University of Chicago Booth School of Business and a Bachelor of Arts degree from Harvard University. He is also a CFA charterholder. Malibu Life confirmed there is no information requiring disclosure under UK Listing Rule 6.4.8R in relation to the appointment.
Dimitri Goulandris, Chair of Malibu Life’s Board of Directors, commented: “Todd is exactly the right leader for Malibu Life at this point in our journey. 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.”
Shriber added: “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. 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.”
Daniel S. Loeb, Chief Executive Officer and Chief Investment Officer of Third Point, said: “This appointment reflects the strategic importance of Malibu Life within Third Point’s broader investment platform. 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.”
Dombowsky noted: “It has been a privilege to lead Malibu Life through its formation and the transition to a publicly listed operating company. 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.”
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