Butterfield Bank shares moved in opposite directions in Hamilton and New York today.

In Bermuda Stock Exchange trading, the bank closed down 50 cents, or 1.5 per cent, to $32 as 1,500 shares changed hands.

But the bank’s New York Stock Exchange-listed shares had a markedly better day, climbing 95 cents, or 3 per cent, to close the day on $32.71.

Butterfield was the only stock to trade as The Royal Gazette/BSX Index fell 22.49 points, or 1.1 per cent, to 1,960.3.

The BSX Insurance Index gained 64.25 points, or 3.6 per cent, to close on 1,863.92, as reinsurers mounted a relief rally on news on reduced insured loss estimates related to Hurricane Irma.