The index breaks a five-week winning streak.
Despite a sluggish week, the index’s year-to-date growth tops that of the S&P 500.
Bermudian carriers led the index higher.
The total return reinsurers and the Floridian carriers in the index came out on top last week.
Shares in Floridian insurers jumped last week but, for the year so far, they are down more than 21 percent.
The Floridian sub-group of carriers plunged by 5.6 percent last week.
There was an almost-50:50 split last week between shares that grew in price and those that declined.
The index grew modestly last week but nonetheless beat major global stock markets.