TWG Says It Is Cooperating With U.S. Regulators and Denies Any Fraud in Insurance Holdings
TWG Global, the holding company controlled by billionaire Mark Walter, said it is engaging with U.S. regulators to resolve questions about related-party investments on the balance sheets of its insurance subsidiaries and asserted there has been "no fraud." A TWG entity called Group 1001 has submitted a formal proposal to the Delaware Department of …