Argus Group Holdings Ltd. dropped 8.5 percent (85 cents) on The Bermuda Stock Exchange (BSX) yesterday.

The insurer closed the day at $9.15, with 2,100 shares traded.

Butterfield Bank's common shares, however, rose five cents (1.03 percent) to $4.90, as 236 shares changed hands.

The bank also transacted 18 preference shares.

Overall the Index fell 23.45 points (1.02 percent) to 2,283.06, with 2,336 shares worth BD$20,371.40 and 60 shares worth US$22,257.10 were traded.

The BSX Insurance Index declined by 1.29 (0.13 percent) to 972.88 - exactly the same amount it has fallen for the past five days.