The Tangiers Group this week announced the acquisition of Osprey Insurance Brokers Co Ltd, Malta's largest aviation insurance and risk management specialists. Osprey is licensed for all classes of insurance and is best known for dominating the country's growing aviation insurance industry since 1995.

The 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 over four 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.

But the Tangiers Group is more known for its owners’ philanthropic activities in Malta. For the Tangiers Group  is owned by Regina and her husband Christopher Catrambone,  founder of the Malta-based Migrant Offshore Aid Station (MOAS).

MOAS currently has a 40 m expedition vessel, Phoenix, two remote piloted aircraft (drones), two rigid-hulled inflatable boats (RHIBs), and an experienced team of rescuers and paramedics. The team claims to be able to "locate, monitor, and assist vessels in distress".

Established in 1995, Osprey Insurance Brokers Co Ltd provides unique expertise and attractive benefits not only to the aviation industry but also for medium-to-large accounts in all classes of insurance. Osprey Insurance Brokers Co Ltd is licensed to carry on the business of insurance broking and is regulated by the Malta Financial Services Authority.

Neither side has revealed the financial terms of the deal.