American Premier Underwriters

American Premier Underwriters is a property and casualty insurance company which was created from the non-rail assets of Penn Central, which represented a variety of businesses, some of which were sold over the following years. By 1994, it was primarily an insurance company, and changed its name from Penn Central to American Premier Underwriters. It was later acquired by American Financial Group.[1] In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion.[2]

Stock Exchanges: Boston Midwest New York Pittsburgh Pacific

The company has sued Amtrak to force the passenger railroad company to redeem shares that Penn Central received at the time it transferred much of its passenger rail assets to Amtrak.[3] The case has been dismissed.[4]

References

  1. ↑ "Insurance Unit to Buy its parent in Stock Merger", New York Times, December 13, 1994
  2. ↑ "American Premier Underwriters, Inc.". International Directory of Company Histories, Vol. 10. St. James Press, 1995, reproduced by Funding Universe. Retrieved 2009-01-25.
  3. ↑ "Judge sends AFG's Amtrak claims to arbitrator". Business Courier of Cincinnati. December 5, 2008. Retrieved 2009-01-25.
  4. ↑ "Judge rules on American Financial lawsuit against Amtrak", Cincinnati Business Courier, February 26, 2015


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