Bermuda-based specialist insurer Hiscox Ltd. said today it is acquiring Altoha Inc. with subsidiaries American Live Stock Insurance Company and Harding & Harding Inc. insurance agency for $55 million.

American Live Stock was described by Hiscox as the premier live stock insurer in the United States.

Hiscox said it will use internal resources for the purchase and will acquire net tangible assets of $45 million. Closing is expected in July. Altoha is described as a privately held group owned by various individuals with subsidiaries based in Geneva, Ill., where the company has a staff of 23.

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