BROUGHER <BIGI> TO SELL 40 PCT OF SUBSIDIARY Brougher Insurance Group Inc said it plans to sell 40 pct of the stock of its subsidiary, Intercontinental Corp, for one mln dlrs to three European insurance companies. The parent company said it signed a letter of intent to sell the stock to <WASA Europeiska Forsakrings AB> of Sweden, <Europeiske Reiseforsikring A/S> of Norway, and <Europeiska Rejseforsikrings A/S> of Denmark. Brougher said it expects to realize a net after-tax gain of approximately 330,000 dlrs, or 12 cts per share, from issuing stock of Intercontinental.