Malibu Life Appoints Todd D. Shriber as CEO to Drive Strategic Growth
Malibu Life, a prominent life insurance and reinsurance group based in the Cayman Islands and traded on the London Stock Exchange under the symbol MLHL, has announced the appointment of Todd D. Shriber as its new Chief Executive Officer, effective July 20, 2026. Shriber succeeds Gary Dombowsky, who will continue with the company in key roles as a Non-Executive Director of Malibu Life Reinsurance SPC and Senior Advisor. Shriber's appointment to Malibu Life's Board of Directors and various operating subsidiaries awaits regulatory approval, highlighting the importance of regulatory compliance.
This leadership transition marks a pivotal phase for Malibu Life as it seeks to expand its reinsurance operations and strengthen its position in the U.S. direct annuity market through a strategic alliance with Third Point LLC. Shriber brings over 20 years of experience in financial services, including senior management positions in major, regulated enterprises. Most recently, he served as the Chief Operating Officer and Head of Strategy for Prudential Financial’s Global Retirement and Insurance division, known for its impressive annual sales of over $40 billion across key markets such as the United States, Japan, and Brazil.
Shriber's career includes significant roles like Chief Strategy Officer for Prudential’s U.S. businesses and management positions at Morgan Stanley Wealth Management and Citigroup Smith Barney. He began his professional journey at PwC, focusing on strategic change consultancy. In terms of academic credentials, Shriber holds an MBA from the University of Chicago Booth School of Business and a BA from Harvard University and is a CFA charterholder. Malibu Life confirms no disclosures are required under UK Listing Rule 6.4.8R regarding his appointment.
Leadership and Strategic Vision
Dimitri Goulandris, Chair of Malibu Life’s Board of Directors, expressed strong confidence in Shriber’s leadership abilities, stating, “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.”
Shriber himself expressed enthusiasm for his new role, praising Malibu Life's distinct market position and strategic mission. “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,” Shriber stated.
Daniel S. Loeb, CEO and CIO of Third Point, emphasized the strategic importance of Shriber's appointment, noting, “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.”
Reflecting on his tenure, Gary Dombowsky remarked, “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.”