Insurer tied to Dodgers owner trims $6.5B of investments as fraud probes mount
Mark Walter’s Delaware Life Insurance, a unit of TWG Global, will swap up to $6.5 billion of related-party investments for independent assets amid regulatory scrutiny into his financing dealings; federal prosecutors and the SEC are examining whether Walter and his companies concealed financial connections while borrowing from insurers he controls, with S&P cutting Delaware Life’s outlook after restating financials and reclassifying private credit investments.