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.