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      Old Mutual writes off $135m in US


      but it said it had no plans to sell the troubled us division .
      old mutual also announced a strengthening of its reserves by $155m in the us life business .
      uk-lisolated south african insurther old mutual hares written down $135m (Â76m) of fannie mae and freddie mac preferred stock held by its us life business .
      Generated 2008-9-16_20:22





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