Air Malta subsidiary sold to Tangiers Group

Tangiers Group has acquired Air Malta’s insurance subsidiary, Osprey Insurance Brokers, Malta’s largest aviation insurance and risk management specialists.

Tangiers Group is led by American entrepreneur Chris Catrambone, whose Migrant Offshore Aid Station was launched in 2014 as a privately-funded humanitarian rescue mission in the Mediterranean Sea. Catrambone also operates security specialists OBS, having recruited the services for retired Armed Forces of Malta commander Martin Xuereb.

Tangiers Group is a leading emergency medical assistance and on-the-ground claims services provider with expertise and significant presence in frontier markets. Through Osprey, Tangiers adds insurance brokerage to its already robust claims, crisis management and emergency medical and travel assistance services.

“We are experienced brokers serving clients with complex needs, with a base in one of Europe's most attractive business environments,” Osprey managing director Charlot Bartolo said. “Clients now are provided with access to A-Rated insurance products backed by 20 years of experience as well as Tangiers’ international services.”

With four new airlines at Malta International Airport, aviation experts predict nearly five million air passengers in 2015, the airport reported. Osprey will continue to offer insurance placement and risk management advice to the growing international aviation industry while leveraging Tangiers' market expertise.

Tangiers Group offers emergency, medical, on-the-ground information, insurance, and claims-handling services to its global customer base, often in changing and complex risk-management scenarios.

Tangiers operates a network of insurance carriers, field personnel and service providers in 52 countries in 40 languages, with more than 100 employees managing 20,000 medical and service providers. Based in Malta, Tangiers has been pioneering new ways to manage medical, security and liability risks worldwide since 2006.