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Perkins Slade's year of investment

Birmingham-based independent broker Perkins Slade spent a large slice of money investing for the fut...

Birmingham-based independent broker Perkins Slade spent a large slice of money investing for the future in its financial year ending August 2006.

The broker launched a mutual company aimed at protecting the sports and leisure communities against third-party liability risks.

Insuresport Mutual started underwriting in December, with Royal & SunAlliance writing half of the business.

David Slade, chief executive, said: "Despite the challenges of the market, we continue to invest for the future of the

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