Huh, apparently they're registered in Malta, what a coincidence...
[0]: https://www.perplexity.ai/search/maltese-scuba-diving-insura...
https://www.reddit.com/r/scuba/comments/1r9fn7u/apparently_a...
There are only a few globally relevant diving insurers. DAN America is US based. DiveAssure is not Maltese. AquaMed is German. The one large diving insurer that is actually headquartered and registered in Malta is DAN Europe. Given that the organization is described as being registered in Malta and subject to Maltese supervisory processes, DAN Europe becomes the most plausible candidate based on structure and jurisdiction alone.
Or maybe they took what they know to sell to the black hats.