OLDWICK, N.J.–(BUSINESS WIRE)–#insurance—AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of TruSpire Retirement Insurance Company (TruSpire) (Irving, TX).
Malibu Life Holdings Limited announced on Oct. 14, 2025 that it has entered into a definitive agreement to acquire TruSpire, which is licensed in 44 states and also holds licenses for fixed-index annuity products.
TruSpire has been dormant, and has some run-off life and annuity business. The company’s capital and surplus has been sufficient to support its business so far, with modest net income. Particular details of the transaction, which is expected to close sometime in the first quarter of 2026, have not been disclosed. AM Best will continue to monitor this impending transaction and provide updates as conditions warrant.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
Omar Mostafa
Senior Financial Analyst
+1 908 882 1684
[email protected]
Igor Bass
Senior Financial Analyst
+1 908 882 1646
[email protected]
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
[email protected]
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
[email protected]
