Malibu Life Holdings has appointed Todd D. Shriber (pictured above) as chief executive officer, effective July 20, 2026, as the company prepares to expand its reinsurance platform and move into US direct annuity origination.
Shriber will succeed Gary Dombowsky, who steps down as CEO on the same date.
"Todd is exactly the right leader for Malibu Life at this point in our journey," said board chair Dimitri Goulandris, who pointed to Shriber's strategic and operating background in retirement and insurance at global scale.
Dombowsky will stay on as a non-executive director on the board of Malibu Life Reinsurance SPC and as a senior advisor. Shriber is expected to join the Malibu Life board on the effective date of his appointment, along with the boards of certain operating subsidiaries, subject to regulatory approvals.
The company has framed the transition as the next phase of its evolution, supported by its strategic partnership with hedge fund Third Point LLC.
"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," Shriber said.
He added that his 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".
The CEO change follows the September 2025 completion of Third Point Investors' acquisition of all equity interests in Malibu Life Reinsurance SPC from Malibu Life Holdings LLC.
The all-share "NAV for NAV" deal involved the issuance of 1,868,805 ordinary shares, representing about 95% of total consideration shares.
Goulandris previously framed the transaction as a milestone in creating a fully capitalized reinsurance operating company. The deal closed amid investor scrutiny over governance arrangements and Third Point founder Daniel Loeb's 25% voting stake under revised UK listing rules.
Daniel S. Loeb, chief executive officer and chief investment officer of Third Point, said the appointment reflects Malibu Life's role within the firm's broader investment platform, and that Shriber's background in annuities, retirement and insurance distribution "maps directly to Malibu's growth ambitions".
Shriber brings more than 25 years of financial services experience. He joins from Prudential Financial, where he most 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 US, Japan, Brazil, and other markets.
Over 14 years at Prudential, Shriber held progressively senior roles, including chief strategy officer for the firm's US businesses. Before that, he spent 11 years at Morgan Stanley Wealth Management and Citigroup Smith Barney, most recently as managing director and business head of insurance and annuities.
Shriber holds an MBA from the University of Chicago Booth School of Business and a bachelor's degree from Harvard University. He is a CFA charterholder.
