View more on these topics

IIB chief Andrew Paddick dies suddenly

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

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.

Recommended

The best defence

I am an experienced investor in my 80s but I have become concerned by recent volatility. I am mainly in income-producing funds but wonder what else I could invest in.

Scottish Life adds 16 new funds to investment range

Scottish Life has added four new investment partners and 16 new funds to its core investment range.  The new partners are Allianz Global Investors, BlackRock, HSBC and Newton, which join Artemis, Baillie Gifford and Invesco Perpetual among others as investment partners.  This brings the total fund choice within the core range to 82 and means […]

Parkwood ends Gresham bid

Parkwood Property Investments has halted its attempts to oust the board of UK property company Gresham House. Shareholders at Monday’s extraordinary meeting defeated resolutions to remove four of its directors with three Parkwood nominees.

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com