STORY FROM: Reinsurance & Arbitration

SGA Re Shareholder Moves to Intervene in Canal Insurance’s Action Against Golden Isles

ATLANTA — The recipient of a “dividend” transfer made by SGA Re has moved to intervene in Canal Insurance Co.’s lawsuit against Golden Isles Reinsurance Co., arguing that as a defendant in a similar action filed by Canal against her, she has a significant interest in the subject matter of the lawsuit.

In an Oct. 24 motion, SGA Re shareholder Joyce J. Duckett also asked the U.S. District Court for the Northern District of Georgia to extend discovery by 6 months in the instant action if her motion to intervene is granted.

Alternatively, Duckett seeks consolidation of the two ...

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