Page 106 - Bundle for MF Final

Bates no 105

• AIG personal accident payment of £525,397,60 on 26 October 2016 which
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duplicated the claims on Diamond Insurance and Cirencester Friendly was not
reported to his advisers and concealed by misdescribing it as a loss of licence policy in
the critically important schedule of earnings and assets;

• The fact that the "loan" of £500,000, supposedly to "be drawn down for living
expenses" was never touched in 18 months was blamed on Mr Siggers' block. In fact,
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Mr Solheim had made sure, when he deposited the £500,000 on 21 December 2016,
in a way that it could not be touched until Nutley Place was sold or the mortgage
redeemed. It was off his books and in a place of safety;

• Mr Solheim concealed around £750,000 in his bank accounts by implying that he had
debts of £70,000.

It is noteworthy that Mr Solheim fails to mention his falsely claimed beneficial interest in
Nutley Place or that the £500,000 "loaned to Louise" was among his assets

Lou's will

At the time Mr Solheim appears to have been fearful of two things: counsel's comments
treated with caution
• That Diamond Insurance would carry out a post payment audit and discover the AIG
personal accident settlement on an industry index in his bank account

• In view of his newly found wealth, the court would make an order requiring him to
maintain LP JS and her children 3

The insurance contracts involved in this case are complex, and Kingsley Napley made it clear
that it specifically excluded them for its advice, except for noting the subrogation terms.
However, a general principle for assessing damages is that compensation should not exceed
proven losses. If this case goes for trial it is essential that details of all policies, application and
claim forms are obtained.

LOL duplicative of future loss of earnings

It is also important to emphasise that whether the AIG personal accident policy for loss of
future earnings duplicated the Diamond policy, it appears that Mr Solheim believed it did and
that Diamond would not pay.

Despite repeated requests Mr Solheim failed to provide MJC with copies of all relevant
policies he had asked for and, most notably, easy Jet's Benefits4You policy. MJC had no
indication of the AIG Personal Accident Policy until May 2018 it was mentioned buried in
archived email stream from LPJS. He did not realise the significance until he began to
assemble papers for defence of Mr Solheim's claim against LPJS.

Mr Solheim did produce at an early stage:
• The Cirencester income replacement policy;

• Pages from the Hiscox Loss of Licence policy but without the signature pages and date 4

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