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A 'rolling' loan reportedly let Mark Walter's insurers skirt capital rules

FinanceInternationalBloomberg15 s readAI summary
Image: Bloomberg

According to Bloomberg, in December 2018 one of sports mogul Mark Walter's insurance companies sent $40 million to an undisclosed borrower under what was on paper a six-month loan. Rather than collecting payment, the transaction allegedly worked as a "rolling" mechanism that allowed Walter's insurers to skirt capital rules.

Read the full story at Bloomberg

IASummary generated by artificial intelligence from a story by Bloomberg. It may contain errors: the original source prevails.

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