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Death of brokers’ champion Andrew Paddick

Andrew Paddick, director general of the Institute of Insurance Brokers, died suddenly last week.

Paddick was a founder member of the British Insurance Brokers’ Association before setting up the IIB in 1987.

The combative industry stalwart will be remembered for his forthright lobbying of the Government and regulators. He railed against the proposed mandatory membership of the General Insurance Standards Council and also called on brokers to boycott General Accident over its poor service standards and cross-selling practices in 1991.

The boycott lasted several weeks and could have led to Paddick being jailed for falling foul of an obscure anti-competition law.

Life Change managing director Garry Heath worked with Paddick for over a decade and praises him as one of the founders of IFA representation.

He says: “He was at the first meeting of the National Federation of Independent Financial Advisers in 1987 and was instrumental in creating representation for IFAs.

“He wanted to ensure the small and medium-sized firms had a voice. We shared a lot of ideas and made sure IFAs and insurance brokers were not regulated out of the market.”

Paddick started his career in insurance in the 1960s as a motor insurance underwriting clerk before gaining wide market experience as a Lloyd’s of London reinsurance broker, general branch company inspector and commercial insurance broking manager.

IIB chairman Graham Gomm says: “Andrew had tremendous enthusiasm and devotion to the cause of helping insurance brokers and even those who did not agree with his views had to admire his determination to succeed. His battles with General Accident, the Treasury and regulators will be long remembered.”

IIB president John Greenway says: “I am deeply shocked and saddened at the news of Andrew’s death. For 20 years, his unique style of representing the interests of insurance brokers rightly won him many friends and plaudits from the industry and his death leaves a huge void in broker representation.”

Tributes have come from across the industry. Mike Williams, managing director of UKGI, says although he had a number of public clashes with Paddick over the years, they got on very well and he is deeply saddened by the news.

He says: “You knew exactly where you were with Andrew and I was always full of admiration for what he achieved. He always stuck to his guns and won some magnificent victories that made the life of the broker more bearable.”

Former Personal Finance Society public affairs director John Ellis says: “I am really saddened and shocked to hear of Andrew’s untimely death. He made a massive contribution to the financial services industry.”

Biba chairman Derek Thornton says: “We at Biba were greatly saddened to hear of the death of Andrew Paddick. He had represented the interests of the insurance industry with great conviction for many years. Our thoughts and sympathy are with his family and close colleagues.”

Paddick is survived by his wife and three children.


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