India's ICICI Lombard files for IPO

ICICI Lombard, an Indian insurer set up as a joint venture by
ICICI Bank and Fairfax Financial Holdings, has filed for an
IPO.
The capital raise will be India's first stock market
flotation by a general insurance company.
ICICI Bank, the country's second largest bank, and
Toronto-listed Fairfax will together sell down a 19 percent stake
in the carrier.
The bank is selling 7.15 percent of the insurer, with Fairfax
selling a 12.27 percent stake.
ICICI Bank and Fairfax set...