Peter Cullum-backed Minority Broker Partnerships (MBP) joins Moonrock Insurance as an investor to provide a significant capital injection for a minority shareholding in the drone specialist MGA.

Minority Broker Partnerships, an investment vehicle backed by insurance heavyweight Peter Cullum has invested in drone specialist MGA, Moonrock Insurance for an undisclosed sum.

The Series A investment will support Moonrock’s expansion and innovation in the drone and eVTOL insurance sector, and position the business to meet surging demand in the rapidly evolving market, both in the UK and globally.

Simon Ritterband, MD and founder of Moonrock Insurance, commented: “We’re thrilled to have developed this partnership with MBP and I am delighted to be working with Peter Cullum, who needs little introduction.

“His expertise in insurance investment and rich history sees him bring a lifetime’s worth of experience to support us to shape the growth of our business and keep pace with the exponential growth of the global drone and eVTOL market.”

The funding will be used to enhance Moonrock’s underwriting capabilities, launch new specialist insurance products, and expand coverage available for emerging aerial technologies. The investment will also support the development of proprietary platforms, increased staffing, and automation tools to streamline internal operations. Moonrock was advised on the fundraising by Eleanor Wilkinson and Linus Williamson of ABG Corporate Finance.

With drone deliveries, aerial surveying services, and eVTOL cargo transport gaining momentum globally, Moonrock is uniquely positioned to lead the insurance evolution for these emerging technologies. The investment will serve as a springboard for Moonrock’s global growth.

Recent research values the low altitude economy at USD 30.02bn with projections reaching USD 54.64 billion by 2030[i], highlighting the sector’s rapid expansion.

The investment reflects strong investor belief in Moonrock’s ability to scale responsibly and profitably in one of the fastest-growing segments of aviation.

Photo: James McCaffrey, CEO of Minority Broker Partnerships

James McCaffrey CEO of MBP, commented: “Peter and I are delighted that MBP is investing in Simon’s experienced and innovative Moonrock team . The drone market is rapidly growing and we look forward to working closely with Simon to help him deliver his ambitious growth plans for Moonrock.”

Ritterband added: “Peter and his team have a very strong track record of scaling business successfully and offer a deep understanding of capacity providers and distribution channels. We’re excited about tapping into their vast knowledge and experience to further grow Moonrock Insurance as we consolidate our position as the drone insurance provider of choice for the industry.

“This investment marks a pivotal moment in Moonrock’s journey, fuelling bold growth, deeper innovation, and a mission to redefine aerial insurance for the next generation of flight.”

About Moonrock Drone Insurance: Moonrock Insurance, a specialist MGA , has become a global leader in the drone and eVTOL insurance market. Renowned for its high-quality products, outstanding customer service, and unparalleled industry knowledge, Moonrock has earned a reputation as a brand leader with a significant market share.

By leveraging a data-driven approach to underwriting, pricing, and product innovation, Moonrock continues to set the standard in the industry. The company is synonymous with quality, expertise, and knowledge, making it the trusted home for drone and eVTOL insurance for brokers, governments, trade associations, and direct commercial customers.