Tangiers Group

Tangiers Group

March 03, 2015 05:00 ET

Tangiers Group Acquires Malta's Largest Aviation Insurance Broker

VALLETTA, MALTA--(Marketwired - March 3, 2015) - Tangiers Group announces 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.

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.

ABOUT TANGIERS: 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.

ABOUT OSPREY: 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.

ABOUT MALTA: Strategically located in the middle of the Mediterranean, Malta is characterised by its attractiveness as an investment jurisdiction, in particular for financial services. The industry is regulated by the Malta Financial Services Authority (MFSA), ensuring full compliance with EU regulation and directives. A European Union member since 2004, Malta enjoys an excellent reputation internationally, offering competitive prices and a skilled, English-speaking workforce.

Contact Information