BF&M fell 25 cents, or 1.7 percent, to close at $14.75 on the Bermuda Stock Exchange yesterday. Five-hundred of the insurer’s shares changed hands.Belco parent company, the Ascendant Group, saw its shares rise 18 cents, or 1.3 percent to finish up the day at $14. Seven hundred of the company’s shares traded hands.Overall the BSX closed down16 points at 1,234.53.The BSX Insurance Index was also down, falling 2.5 percent, or 23 points, to close at 898.