Write-Downs Hurt Swiss Re Profits

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Write-Downs Hurt Swiss Re Profits

Swiss Reinsurance, which recorded a net loss last year in part because of credit default swaps, has started 2009 on a sour note.

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