responded to the wind-up of Bermuda Fire & Marine, which sold its local operations -- now BF&M Group -- two years ago.

The preference shares closed at $9 on volume of 200. The Exchange Index was unchanged at 1133.38.

In the heaviest trade of the day, Bermuda Financial Centre Ltd. was yunchanged at $8.50 on volume of 25,100.

Also trading unchanged were: Bank of Bermuda, $20, 6908 shares; Bank of Buttefield, $32, 3318; Commercial Bank, $10, 5600; and Belco, $21, 5200.