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Butterfield Bank finished down 29 cents on the New York Stock Exchange to end the day at $39.47

The Bermudian’s education business, Wiz Learning, has reached 9,000 in the past nine years

Result is achieved despite a fourth-quarter net loss of $21.3m

The four-year-old company produces $1.16 billion of gross premiums written

Mike Thorp is named as head of space, and Chris Golder becomes head of treaty

The company is a Bermudian-owned subsidiary of Polaris Holding Company Ltd

The company said it intends to use the net proceeds from this offering for general corporate purposes

An additional three insurance applications were approved in January by the Insurance Assessment and Licensing Committee

The bank’s share price fell by 94 cents to close at $39.76 on the New York Stock Exchange

Malachi Eversley sees a market for unique merchandise with a Bermuda theme