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NU Online News Service, April 2, 9:42 a.m. EDT

Loss battered Swiss Re announced today that it has named a new chief operating officer and plans to trim more than 1,000 jobs from its global workforce and close some offices.

Last month the company revealed that for 2008 the company had a net loss of $736.3 million and replaced Chairman Peter Forstmoser with Vice Chairman and current Credit Suisse Chairman Walter B. Kielholz.

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