The Royal Gazette/BSX slumped by 84.72 points (6.5 per cent) to 1,218.78.

A total of $74,439 shares, worth about $230,258, were traded.

Insurance company Argus was down 27 cents (6.7 per cent) at $3.77 after 51,600 shares changed hands, while shares of Bank of Butterfield fell 18 cents (9.2 per cent) to $1.77 after 18,439 shares were traded.

The Royal Gazette/BSX closed up 10.82 points (0.67 per cent) at 1,618.49.

The BSX Insurance Index was up 10.82 points (0.67 per cent) at 1,618.49.