UK insurer Beazley posts slight increase in first-quarter premiums written
April 29 (Reuters) - British insurer Beazley (BEZG.L), opens new tab on Tuesday reported a marginal increase in first-quarter insurance written premiums, driven by growth in its property risks division.
The specialist insurance business reported gross written premiums of $1.51 billion for the three month period ended March 31, up from $1.48 billion last year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Belfast Telegraph
35 minutes ago
- Belfast Telegraph
Steel industry welcomes 25% tariffs but warns ‘uncertainty remains'
The US President has decided to 'provide different treatment' to the UK after a deal that was struck between Washington and London last month, as he doubled tariffs on imports from elsewhere to 50%. Levies will remain at 25% for imports of steel from the UK into America, however Britain could still be subject to the higher 50% rate from July, or the quotas in the agreement could come into force, effectively eradicating the tax. The 50% tariff rate for imports of steel and aluminium from other nations is due to come into force from 12.01am Washington DC time on Wednesday, which is shortly after 5am in the UK. The Government said on Tuesday night they were 'pleased' that the industry 'will not be subject to these additional tariffs'. Gareth Stace, the director general of UK Steel, said that Mr Trump's decision is a 'welcome pause'. He added: 'Continued 25% tariffs will benefit shipments already on the water that we were concerned would fall under a tax hike. 'However, uncertainty remains over timings and final tariff rates, and now US customers will be dubious over whether they should even risk making UK orders. 'The US and UK must urgently turn the May deal into reality to remove the tariffs completely.' Prime Minister Sir Keir Starmer's trade deal with the US, struck last month, included relief on the steel and aluminium tariffs, but it has not yet come into force. Officials have been working to try and finalise the details of the agreement. According to the text of the order, published by a White House X account on Tuesday, Mr Trump has 'further determined that it is necessary and appropriate to allow for the implementation of the U.S.-UK Economic Prosperity Deal of May 8, 2025 (EPD), and to accordingly provide different treatment, as described below, for imports of steel and aluminium articles, and their derivatives, from the United Kingdom'. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. The order later says that rates will for now stay at 25% and adds: 'On or after July 9, 2025, the Secretary may adjust the applicable rates of duty and construct import quotas for steel and aluminium consistent with the terms of the EPD, or he may increase the applicable rates of duty to 50 percent if he determines that the United Kingdom has not complied with relevant aspects of the EPD'. The Government has pledged to keep working with the US to get the agreement up and running, and the 25% tariff rate 'removed'. A spokesperson said: 'The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors, including steel as part of our Plan for Change. 'We're pleased that as a result of our agreement with the US, UK steel will not be subject to these additional tariffs. We will continue to work with the US to implement our agreement, which will see the 25% US tariffs on steel removed.' The Conservatives have said that Labour's 'botched negotiations have left businesses in limbo'. Shadow business and trade secretary Andrew Griffith said: 'Keir Starmer stood in front of the nation and insisted to the British public that his Labour government had achieved a trade deal with the US – and now one month later our industries face a fresh tariffs blow. 'So once again it seems that Keir Starmer's promise was just like the rest: hollow and broken. Labour's botched negotiations have left businesses in limbo and this country simply cannot afford their continuing failure.' Business Secretary Jonathan Reynolds met White House trade representative Jamieson Greer in Paris on Tuesday. According to the Department for Business and Trade, Mr Reynolds and Mr Greer discussed a desire to implement the deal struck between London and Washington as soon as possible, and committed to working closely to make it happen. The general terms for the agreement between the UK and US were published in May when the deal was announced, and outline the intended plans. White House press secretary Karoline Leavitt was asked if there was a text of the full deal ready to be released, and told reporters on Tuesday: 'There 's most definitely text with this deal, there is language that this side has seen. 'You'll have to ask the UK Parliament why they haven't seen it from their own Government, I obviously can't answer that question.'
Daily Mirror
38 minutes ago
- Daily Mirror
Ryanair travel rules for Brits visiting Spain, Greece, France or Portugal
Ryanair states that there are "different rules for different destinations" when it comes to travel documents. That said, we've outlined the travel guidance for the most popular summer destinations. Each summer, thousands of Brits board Ryanair flights seeking sun and surf in nearby countries. While many travellers are determined as ever to enjoy a European holiday, there are a few travel rules that should be kept top of mind to ensure a smooth journey. Ryanair has outlined the travel dos and don'ts for holiday hotspots like France, Portugal, Spain, and Greece. Under the travel documents portion of its FAQs, Ryanair reminds passengers: 'There are different rules for different destinations, so please be sure to check these before you travel. 'To streamline your travel experience and maintain a record of the necessary visa documentation, we are introducing an optional feature to upload the required visa documentation during the check-in process via our app. This will demonstrate that you carried the correct documents at the time of departure, to avoid fines or criminal penalties for travelling without the required documents.' Spain Ryanair confirmed on its website that: 'depending on your nationality and flight destination, a visa may be required to travel.' That said, according to the UK government's latest guidance, those with a full British citizen passport from the UK can travel without a visa to the Schengen area, which includes Spain, for up to 90 days in any 180-day period. Greece When it comes to travel to Greece, Ryanair's statement about visas still applies - it depends on your nationality and flight destination. But given that Greece is also part of the Schengen area, those with a full British passport will also be able to travel without a visa for up to 90 days in any 180-day period. That said, even if you are visiting multiple countries, the UK government website advises that: 'your total stay in the Schengen area must be no more than 90 days in every 180 days. 'It does not matter how many countries you visit. The 180-day period keeps 'rolling',' the website confirms. Additionally, if you are considering adding on a trip to Cyprus on your Greece journey, remember that Cyprus is not in the Schengen area. That said, the UK government confirms that British passport holders can stay up to 90 days in a 180-day period in Cyprus without a visa. More importantly, any time you spend in the Schengen area does not affect the number of days you can spend in Cyprus. France France, also being part of the Schengen region, does not require British passport holders to travel with a visa for stays under 90 days. Though keep in mind that non-EU passport holders travelling to the Schengen area are obliged to ensure that their passport is valid for at least 3 months from the date of their departure from the Schengen member country, according to the UK government website. Though this requirement does not apply to holders of a Schengen issued residence permit or long-term visas. The 'date of issue' on your passport must also be less than 10 years before the date you arrive. These three-month and 10-year rules apply for all travel to the Schengen area. Portugal Those flying to Portugal this summer via Ryanair are reminded again that entry is permitted for a maximum stay of 90 days in a 180-day period without a visa. Portugal follows Schengen area rules. Your passport must have a 'date of issue' less than 10 years before the date you arrive and have an 'expiry date' at least 3 months after the day you plan to leave the Schengen area (the expiry date does not need to be within 10 years of the date of issue). How to work out if your stay is within the 90-day limit Check the date you plan to leave the Schengen area on your next trip. Count back 180 days from that date to get the start of the 180-day period. Add up the number of days you have already spent in the Schengen area in that 180-day period (you can use the dates stamped in your passport showing when you entered and left a country). Work out how many days you will spend in the Schengen area on your next trip. Add this number to the number of days you worked out in step 3. Check that the total number of days is not more than 90.
Leader Live
2 hours ago
- Leader Live
Steel industry welcomes 25% tariffs but warns ‘uncertainty remains'
The US President has decided to 'provide different treatment' to the UK after a deal that was struck between Washington and London last month, as he doubled tariffs on imports from elsewhere to 50%. Levies will remain at 25% for imports of steel from the UK into America, however Britain could still be subject to the higher 50% rate from July, or the quotas in the agreement could come into force, effectively eradicating the tax. The 50% tariff rate for imports of steel and aluminium from other nations is due to come into force from 12.01am Washington DC time on Wednesday, which is shortly after 5am in the UK. The Government said on Tuesday night they were 'pleased' that the industry 'will not be subject to these additional tariffs'. Gareth Stace, the director general of UK Steel, said that Mr Trump's decision is a 'welcome pause'. He added: 'Continued 25% tariffs will benefit shipments already on the water that we were concerned would fall under a tax hike. 'However, uncertainty remains over timings and final tariff rates, and now US customers will be dubious over whether they should even risk making UK orders. 'The US and UK must urgently turn the May deal into reality to remove the tariffs completely.' Prime Minister Sir Keir Starmer's trade deal with the US, struck last month, included relief on the steel and aluminium tariffs, but it has not yet come into force. Officials have been working to try and finalise the details of the agreement. According to the text of the order, published by a White House X account on Tuesday, Mr Trump has 'further determined that it is necessary and appropriate to allow for the implementation of the U.S.-UK Economic Prosperity Deal of May 8, 2025 (EPD), and to accordingly provide different treatment, as described below, for imports of steel and aluminium articles, and their derivatives, from the United Kingdom'. 🚨 @POTUS just signed the order raising tariffs on steel and aluminum imports to 50%. Here is the text of the order: 1. On January 11, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on the Secretary's investigation into the effect of imports of steel… — Rapid Response 47 (@RapidResponse47) June 3, 2025 The order later says that rates will for now stay at 25% and adds: 'On or after July 9, 2025, the Secretary may adjust the applicable rates of duty and construct import quotas for steel and aluminium consistent with the terms of the EPD, or he may increase the applicable rates of duty to 50 percent if he determines that the United Kingdom has not complied with relevant aspects of the EPD'. The Government has pledged to keep working with the US to get the agreement up and running, and the 25% tariff rate 'removed'. A spokesperson said: 'The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors, including steel as part of our Plan for Change. 'We're pleased that as a result of our agreement with the US, UK steel will not be subject to these additional tariffs. We will continue to work with the US to implement our agreement, which will see the 25% US tariffs on steel removed.' The Conservatives have said that Labour's 'botched negotiations have left businesses in limbo'. Shadow business and trade secretary Andrew Griffith said: 'Keir Starmer stood in front of the nation and insisted to the British public that his Labour government had achieved a trade deal with the US – and now one month later our industries face a fresh tariffs blow. 'So once again it seems that Keir Starmer's promise was just like the rest: hollow and broken. Labour's botched negotiations have left businesses in limbo and this country simply cannot afford their continuing failure.' Business Secretary Jonathan Reynolds met White House trade representative Jamieson Greer in Paris on Tuesday. According to the Department for Business and Trade, Mr Reynolds and Mr Greer discussed a desire to implement the deal struck between London and Washington as soon as possible, and committed to working closely to make it happen. The general terms for the agreement between the UK and US were published in May when the deal was announced, and outline the intended plans. White House press secretary Karoline Leavitt was asked if there was a text of the full deal ready to be released, and told reporters on Tuesday: 'There 's most definitely text with this deal, there is language that this side has seen. 'You'll have to ask the UK Parliament why they haven't seen it from their own Government, I obviously can't answer that question.'
