Minority Broker Partnerships has made a strategic investment in Cyber Cover, which is a London-based cyber broker and digital platform. Cyber Cover’s platform provides a white-label proposition to enable partners to distribute cyber insurance under their own brand.

Peter Cullum is the founder and executive chairman of MBP, which typically takes a 20% to 30% stake in its target firms.

Vincent Kenneth, founder of Cyber Cover, said: “We are delighted to welcome MBP into the Cyber Cover journey. Peter Cullum and the MBP team bring decades of insurance leadership, distribution expertise and experience in scaling high-growth businesses. Their support comes at a pivotal moment as the UK and global cyber markets evolve at pace.

“This partnership will help us accelerate our technology roadmap, broaden our insurer API connections and deliver an even more frictionless cyber buying experience.”

James McCaffrey, CEO of MBP, added: “The demand for cyber insurance continues to grow. We are therefore delighted to invest in Cyber Cover, a market-leading specialist in its field.”