Page 113 - Bundle for MF Final

Bates no 112

A B le D E F

Date Carrier I Policy Amount Control
1
2 2016 J
3 4th May to year end Cirencerter I Private Old Loss of earnings 36.054.64
i 2 7 th September easyJet I EJ Loss of Licence 144.890.92
5 11 t h October Hiscox (Acquired Juoly 2017) / Private July 2017 Loss of licence 250.046.00
5 2 6th October AIG I EJ Personal Accident 525,397.60
7 22nd December Diamond Interim I Third party Third party claim 19,000.00 19,000.00
3 2017 I
3 2017 Year Cirencerter I Private Old Loss of earnings 50,328.75
.0 13th September Diamond Interim I Third party Third party claim 20.000.00 20,000.00
.1 2018 I
.2 20th April Diamond I Third party Personal Accident 325.159.94 325,159.94
.3 20th Aptil Diamond Corts retained Third party Solheim', costs 35.840.06 35,840.06
.4 20th April Diamond Corts S/ccess fee Third party Solheim', costs 60.000.00 60,000.00
.s 20th April Diamond Corts \teimbursement Third party Solheim's costs 377,835.52
.6 January to May Cirencerter I Private Old Loss of earnings 13,205.40
.7 Total I 1,857,758.83 460,000.00
.B I
9 I Solheim's awards 1,384,083.25
:o I Solheim costs reim 473,675.58
:1 I Total 1,857,758.83
:2 I
:3 I
:4 I Costs to Diamond 1,039.813.02 1,039,813.02
:s I
:6 I Diamond's costs 201,977.50
:7 I

10. DISCREPANCIES ON POLICIES
Hiscox was supposedly three times net salary and AIG four times net salary. The salary
calculation for Hiscox was £83,348.69 pa and AIG was £131,349.40.

The Hiscox policy appears to have been taken out in July 2017 and is an excess over other
loss of licence policies ...... The actual payout should have been around £130,000?
We need disclosure of the Hiscox application and claim forms--- the person dealing with it
was Ian Gross on 0207 448 6550

AIG the standard personal accident appear to relate to incidents at work.... It is therefore not
clear why Solheim got paid at all as he was off duty on a leisure cycling trip
AIG was an easyJet policy----not paid for on his bank statement nor deducted from his
payslips

the loss of licence policies appear to duplicate personal accident....... Because LOL is a subset
of the overall loss ........ .

11. FINAL OGDEN CALCULATIONS
Multiplier rate of return (Ogden of 2%} and new income of £40. 000 and £60. 000
98,052.04 11.96 1,172,702.40 30,369.00 10.71 325,251.99 847,450.41 N
89,980.00 11.96 1,076,160.80 30,369.00 10.71 325,251.99 750,908.81 rl
89,980.00 11.96 1,076,160.80 40.000.00 10.71 428.400.00 647.760.80 (lJ
tlO
(1J
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