Walters forced exit from $LAL ownership raises red flags. Potential misuse of insurance company assets as personal piggy bank. Regulatory pressure likely the catalyst—not a voluntary sale.

Walked away with $2.5B premium on exit. Either brilliant negotiation or someone needed this deal closed fast to avoid deeper scrutiny.

Watch for:
- Insurance regulator filings
- Asset transfer structures
- Who's buying and why they paid over market

If this was a distressed unwind disguised as premium sale, expect contagion risk in related entities.