What’s New: In Brief (October 26, 2007)

Dan Lawrie, president of Dan Lawrie Insurance Brokers Ltd., has personally donated Cdn$125,000 to Mohawk Colleges new, Cdn3-million concourse for their insurance and financial services.
In recognition of the donation, the Dan Lawrie Insurance Learning Centre will be established. The centre is intended to assist students in making the most of their learning experience.
It is an honour to be able to personally be one of the first to commit dollars to this important new initiative at Mohawk, Lawrie said in the release. At this exciting time in our history, we want to celebrate the loyalty of our clients and friends, and the dedication of our team and community.
Dan Lawrie Insurance Brokers also donated Cdn$12,500 which the province will match for a total of Cdn$25,000.

The Loyalist Insurance Group Ltd. has signed a letter of intent to sell its retail insurance brokerage business.
Any prospective sale would be subject to any necessary shareholder, regulatory or other insurance company approvals, as well as completion of due diligence, execution of a definitive agreement and other conditions common in transactions of this nature, according to a company release.
The purchase price will be equal to three times annual commission income for 2007 and is anticipated to be between Cdn$5 million and Cdn$6 million, the release notes.
Without noting any names, the company said a deal is anticipated to close on or about Dec. 31, 2007.