Malibu Life, a Cayman Islands-based life insurance and reinsurance group listed on the London Stock Exchange under the ticker MLHL, announced the appointment of Todd D. Shriber as its new Chief Executive Officer, effective July 20, 2026.
Shriber will succeed Gary Dombowsky, who is resigning from the position but will remain associated with the company as a non-executive director and senior advisor to Malibu Life Reinsurance SPC. Subject to regulatory approval, Shriber is expected to join Malibu Life’s board of directors and the boards of directors of certain operating subsidiaries, the company added.
Malibu Life said the leadership change comes as the company enters its next phase of growth, with plans to increase reinsurance growth and expand its presence in the U.S. direct annuity market through a strategic partnership with Third Point LLC.
Schrieber has more than two decades of financial services experience, 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 divisions. Malibu Life said the unit has annual sales of more than $40 billion in markets including the United States, Japan and Brazil.
He has held several senior strategic positions, including chief strategy officer for Prudential’s U.S. operations. Earlier in his career, he worked at Morgan Stanley Wealth Management and Citigroup Smith Barney, most recently as head of insurance and annuities and managing director.
He began his career in PwC’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 BA from Harvard University. He is also a CFA charterholder. Malibu Life confirms that there is no information required to be disclosed in relation to the appointment under UK Listing Rule 6.4.8R.
Dimitri Goulandris, Chairman of Malibu Life’s Board of Directors, commented: “Todd is the right leader for Malibu Life at this time in its history. After a thorough search process, the Board concluded that Todd’s combination of strategic acumen, operational discipline, and deep experience in retirement and insurance on a global scale are well suited for future opportunities. He has built and operated businesses of meaningful complexity and delivered results in a highly regulated environment. We are pleased to welcome him.”
Shriber added, “Malibu Life is a rare opportunity to be a purpose-built platform with a public listing, a clear strategic mandate, and a market backdrop that is highly conducive to institutional-grade insurance companies with differentiated investment capabilities. I am energized by Gary and the team and working with Third Point. My focus will be to grow Malibu with discipline and pace.” Life: Expand our reinsurance footprint, advance our direct origination strategy and build talent and infrastructure to deliver sustainable returns to 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 has the operational capabilities and credibility to lead Malibu Life at this stage of its development, and his experience in annuities, retirement and insurance distribution directly reflects Malibu’s growth ambitions. We look forward to a long and productive partnership and supporting Todd and the team in seizing the significant opportunities ahead.”
Dombowsky noted, “It has been an honor to lead Malibu Life’s formation and transition to a publicly traded operating company. Todd is the ideal leader to drive the business forward. His track record speaks for itself, and I am pleased to continue to support him and the Board as the company enters its next chapter of growth.”
