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The Economic Times
The Economic Times

Dodgers owner Mark Walter's insurer to cut $6.5 billion in investments amid probe

Mark Walter SEC United States Insurance TWG TWG Global

Mark Walter's Delaware ​Life Insurance Co is set to ​cut as much as $6.5 billion in investments in ​his businesses after facing regulatory heat over the billionaire's financial dealings, a holding company of Los Angeles Dodgers owner said on Tuesday.

TWG Global, Walter's holding company, said it had agreed ‌to swap up to $6.5 ⁠billion ⁠of Delaware Life's related-party investments for an equivalent amount of assets classified as independent.

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