Malibu Life Re operates as a licensed life and annuity reinsurer in the Cayman Islands.
The approvals include the green light from the Swiss Competition Commission and the conclusion of the EC's FSR review.
The partnership leverages mShift's digital distribution platform to streamline the placement process for cyber insurance policies.
Chris Wittoeck, with more than 25 years of experience in marine cargo underwriting, will head the new business.