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Nexus acquires Hiscox Global Flying via asset purchase agreement

Specialty insurance managing general agent Nexus Group has acquired Hiscox Global Flying through an asset purchase into Millstream Underwriting Ltd., a Nexus Group company.

Hiscox Global Flying was acquired by Hiscox Ltd. in October 2006. It offers insurance for aviation professionals to protect against the financial consequences of loss of license and training expenses resulting from bodily injury or illness.

While full ownership of Hiscox Global Flying will transfer to Millstream, Hiscox will continue to provide underwriting capacity for the business.