📊 DATA: Two insurers tied to Mark Walter corrected more than $20B of investments into related-party holdings, including ~$17B at Delaware Life. The bigger risk isn’t proven bad loans—it’s opacity and liquidity: private assets can sit for years while surrender requests and collateral calls arrive fast. https://cryptoslate.com/the-next-shadow-banking-problem-may-come-from-insurance-companies-where-nobody-was-looking-for-a-bank-run/(CryptoSlate)