$71 billion insurance giant may be put up for sale

Billionaire Mark Walter is weighing a sale of Delaware Life Insurance, which manages $71 billion in assets, amid a federal investigation. No formal sale process has been launched, the company said, though a deal could form part of Walter's broader restructuring of his investment empire. The potential sale would rank among the larger insurance transactions in recent years and comes as regulators scrutinize the sector. Investors will watch whether a formal auction materializes and what valuation a buyer places on the $71 billion book.