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Neuberger Berman's reinsurer issues preferred shares

NB Reinsurance Ltd. has issued 100,000 nonvoting, redeemable preferred shares of par value $1.00 each.

The shares have been admitted for listing as insurance-linked securities at the Bermuda Stock Exchange.

NB Reinsurance is a reinsurer of New York-based asset manager Neuberger Berman.