From people moves to acquisitions, here are the stories making headlines on 2 November 2026
Today (2 November 2026), one the biggest stories was the announcement that PIB Group had appointed Aviva’s David Martin as its new chief executive.
Martin joins from Aviva, where he serves as managing director for UK commercial and chief distribution officer, and will take up his new role in early 2027.
As a result of this move, Aviva has reshuffled its UK commercial lines leadership team.
Aviva decided that, following his departure, his responsibilities will be split into two roles – UK commercial managing director and chief distribution officer.
Meanwhile, Uris Group’s holding company Graphco acquired insurance distribution and administration business Cavere Group.
The deal brings Cavere and coverbaloo, both subsidiaries of Cavere Group, into the wider UGL group..
Today also saw the launch of a new broker, with Coversure expanding into the specialist medical cannabis insurance market with the launch of Cupican Insurance Brokers in Stevenage.
Finally, the average home and business insurance payout reached a record £10,000 for claims in Q3 2026, according to the ABI’s latest property insurance tracker.
The tracker revealed that the total number of home and business claims fell by 4% to 142,000 over the quarter, while the amount paid out by insurers increased by 1% to £1.5bn.
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