(Reuters) – British insurance company Beazley Plc has resumed its dividend after striking to an annual profit on Thursday. This was due in part to rising demand and double-digit increase in cyberinsurance.

Beazley provides insurance for casualty, property, cyber, and political risks. Its combined ratio, an indicator of an insurer’s profitability, was 93%, compared with 109% one year ago. An underwriting profit is a level lower than 100%.

In 2020, after suffering from pandemic-related cancellation claims, the insurer suffered an unexpected loss. It reported that its annual gross writing premiums rose 30% to $4.62Billion, and rates in cyber and executive risks soared 49%.

Major U.S. and European insurers have increased their premium rates in response to increasing demand. They can charge ransoms for the repair of compromised networks and business interruption losses, as well as PR fees, to help mend bad reputations.

For the twelve months ending Dec. 31, Lloyd’s of London reported a pretax profit of $369.2 Million for the full year, compared to a loss of $50.4 millions a year ago.