Minority Broker Partnerships invests in drone specialist MGA Moonrock

Peter Cullum-backed Minority Broker Partnerships (MBP) has made a significant investment in drone specialist MGA Moonrock Insurance for a minority shareholding.

The Series A investment supports Moonrock’s expansion in the drone and eVTOL insurance sector, positioning the business to meet growing demand in a rapidly evolving market, both in the UK and globally.

The funding will enhance Moonrock’s underwriting capabilities, enable the launch of new specialist insurance products, and expand coverage for emerging aerial technologies.

It 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.

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

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.”

James McCaffrey, CEO of MBP, said, “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.”