Strategic Shifts in Life Insurance: Fairfax and Malibu Life Reshape Portfolios Through Key Acquisitions

Fairfax sells interest in Eurolife’s life insurance business for €813m

15 October 2025

Fairfax Financial Holdings has agreed to sell its 80% stake in Eurolife FFH’s life insurance business to Eurobank for €813 million, making Eurobank the sole owner of that business. Fairfax will retain its 80% stake in Eurolife’s property and casualty insurance operations. Additionally, Fairfax will acquire a 45% stake in Eurobank’s Cyprus-based property and casualty insurer ERB Asfalistiki for €59 million, with an option to buy the remaining 55% later. The deal is expected to close in Q1 2026, with leadership changes planned for Eurolife’s general insurance business. Fairfax aims to focus more on property and casualty insurance while still benefiting from Eurolife’s life insurance success through Eurobank’s ownership.

Malibu Life enters agreement to acquire life and retirement solutions provider TruSpire

14 October 2025

Malibu Life Holdings has agreed to acquire TruSpire Retirement Insurance Company, a Texas-based life and retirement insurer licensed in 44 states, for $45 million, with the deal expected to close in early 2026. This acquisition will allow Malibu Life to enter the direct annuity issuance market and leverage TruSpire’s strong distribution network and B++ AM Best rating. Malibu Life will also retain a Bermuda-based reinsurer included in the deal to support future growth. The company aims to accelerate growth, improve product control, and enhance investment returns through this acquisition. Malibu Life’s leadership highlighted the added talent and operational expertise TruSpire brings to the business.