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 lobbying the Government and FSA over issues such as proposed mandatory membership of the General Insurance Standards Council.
He started his career in insurance back in the 1960s as a motor insurance underwriting clerk before later moving to Lloyd’s of London as a reinsurance broker.
Colleagues have spoken of their shock at the news.
IIB chairman Graham Gomm says: “Andrew had tremendous enthusiasm and devotion to the cause of helping insurance brokers, 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 adds: “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.”
Mike Williams, managing director of UKGI, says that although he had a number of public clashes with Paddick over the years, privately 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.”
Paddick is survived by his wife and three children.