	stad rotterdam takes stake in swiss owned insurer dutch insurer stad rotterdam anno n v asrn as said from july it will own pct of the shares of europeesche verzekering maatschappij n v a fully owned unit of swiss insurer union rueckversicherungs gesellschaft stad rotterdam chairman lucas van leeuwen told reuters it may raise its stake to a majority interest if the two companies are found to be sufficiently compatible van leeuwen said that due partly to the fact europeesche made losses in and the pct stake was obtained at below the shares intrinsic value he gave no precise sum the europeesche which specialises in travel and recreation insurance had a premium income of mln guilders in stad rotterdam s premium income in was billion guilders making it the fifth largest dutch insurer europeesche made a loss of nine mln guilders in which narrowed to mln guilders in van leeuwen said he said the company was on course for independent recovery and was expected to reduce its losses further in reuter 
