ICICI Lombard IPO 'attracts strong demand'

The initial public offering of Indian insurer ICICI Lombard has
reportedly been three times oversubscribed.
That puts the IPO of 19 percent of the company on track to be
worth as much as NR57bn ($886mn), Reuters reported.
ICICI Lombard started as a joint venture between Canadian
conglomerate Fairfax Financial and Indian bank ICICI.
It is predominantly a personal lines insurer, but the carrier
also offers crop insurance and commercial lines.
The Economic Times reported that Fairfax's holding
in I