Novae HIM and Mexico losses estimated at $60mn

Axis Capital, which is in the closing stages of acquiring Novae,
has estimated the Lloyd's carrier's net financial impact
from hurricanes Harvey, Irma and Maria (HIM), and the Mexican
quakes, to be $60.0mn.
The carrier added that based on current estimates of gross
losses, Axis Capital expected Novae to receive reinsurance
recoveries from all events with significant aggregate reinsurance
cover still remaining.
As of 30 June, 2017, Novae's total shareholders' equity
was £303.1mn ($400.0mn),