Bermuda Insurance Index loses 22 per cent of value

26 years ago

Topics

Bermuda Insurance Investment Listed Securities

Keywords

Bermuda Insurance Index Bermuda Insurance Index Fund Limited Kast Investment Management Limited MRM Securities Limited Stirling Cooke

The FTSE/BSX Bermuda Insurance Index, which was launched on July 15, 1998 with a value of 1,000 and broadly tracks the performance of the island’s insurance market, had lost 22 per cent of its value by September 29, falling to 773.36. Such a large fall could indicate it might be an opportune time to buy into the Bermuda Insurance Index Fund Limited, which received approval this month to list up to 10 million non-voting common shares.

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