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Barbados-based financial services giant Sagicor Financial Company Ltd (SFC) has entered a “definitive agreement” to buy Canada-based individual life insurer Ivari, in a multi-million-dollar deal that is expected to double the size of its balance sheet.The purchase, which is subject to the usual regulatory approvals, is estimated to be worth about CA$325 million (BDS$504 million).SFC said in a statement on Thursday that the acquisition of Ivari aligned with its business strategy of growing in individual life insurance and diversifying into adjacent geographic markets.

United statesDodridge millerTodd lawrenceFirstcaribbean international bankSagicor life incSagicor asset management incFair trading commissionSagicor financial company ltdGroup presidentChief executive officerNorth americanSagicor asset managementSagicor lifeCaribbean international bank