What’s New: In Brief (July 20, 2007)

Swiss Res Industrial Risk Insurer has organized its team to better serve customers property and casualty insurance requirements. The reorganization stems from an announcement made by the organization in April stating its intent to enhance its ability to meet the needs of both clients and brokers, while broadening its product distribution reach, a release notes.
Dan Eudy, based in Avon, Connecticut, is now responsible for servicing customers with headquarters in North America and Latin America, with the exception of those who fall into energy and power, financial and professional services and engineering and construction. Nik Beck, who is based in Zurich, Switzerland, will service those customers.

BUS Systems Inc. announced it has entered into two agreements to complete shares for debt transactions. The agreements are subject to approval by the TSX Venture Exchange, the company notes in a release.
The agreements provide for the issuance by BUS of 200,000 common shares at a price of Cdn$0.12 per share in settlement of an advance in the amount of Cdn$24,000 owed to 148293 Canada Inc., a corporation controlled by Daniel Fauteux, an officer of BUS. It also includes 75,000 common shares at a price of Cdn$0.20 per share in settlement of an advance in the amount of Cdn$15,000 owed to Madam Technologies Inc, according to a release.