Mark Walter’s TWG Global is working with U.S. regulators on a plan to eliminate affiliated exposure at Delaware Life Insurance Company and Clear Spring Life and Annuity Company, saying there had been "no fraud." Group 1001, the TWG entity that owns the insurers, filed the plan with the Delaware Department of Insurance, which is evaluating it. Delaware Life restated its annual financial statements in June, lifting affiliated investments to 42% of invested assets at the end of 2025 from less than 5%. A separate proposed swap of up to $6.5 billion in related-party investments for independently classified assets could reduce the insurer’s affiliated assets to roughly 26% from 39% as of June 30, subject to regulatory approval. The DOJ and SEC are investigating whether certain private credit investments were incorrectly classified as unaffiliated. TWG also said it is not seeking fire-sale prices for its sports assets, that the Los Angeles Dodgers and Cadillac Formula 1 team are not being sold, and that it recently agreed to sell the Los Angeles Lakers for $12.5 billion.