Billionaire Mark Walter has explored sale of $71bn insurer Delaware Life
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Billionaire Mark Walter has explored a sale of Delaware Life, the insurer valued at $71bn, as part of a potential broader restructuring of his holding company TWG Global, according to people familiar with the matter. The talks are at an exploratory stage and no deal has been agreed. Delaware Life is a major annuity and life insurance provider whose scale would make any sale one of the largest insurance transactions in recent years. A transaction could reshape TWG Global’s portfolio and free up capital for other investments. Watch for confirmation of a formal sale process, any named bidders, and details on how proceeds would be deployed across Walter’s holdings.
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Named in this story
Delaware Life, Mark Walter, TWG Global