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American Premier Underwriters is a property and casualty insurance company, headquartered in Cincinnati, Ohio. Prior to 1995 the company was known as the Penn Central Corporation. In addition to casualty insurance, the company is also in the business of fire and marine insurance.WEB, American Premier Underwriters Inc,weblink 2021-08-21, SEC Report,

History

During the nineteenth century the company was the Pennsylvania Railroad. It was established on April 13, 1846.WEB,weblink American Premier Underwriters Inc, 2021-08-17, Bloomberg, On March 25, 1994, the company changed its name from Penn Central Corporation to American Premier Underwriters Inc.NEWS, March 2, 1994, Penn Central Planning to Change its Name,weblink The New York Times, In December 1994, the company, which was 40.4 percent owned by the American Financial Corporation, announced that it would be acquiring the parent company in a stock merger.NEWS,weblink Insurance Unit to Buy its Parent in Stock Merger, The New York Times, Reuters, December 13, 1994, 2021-11-28, The combined company became known as American Financial Group.WEB,weblink Great American Story, Great American Insurance Company, 2024-02-12, In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion.WEB,weblink American Premier Underwriters, Inc., International Directory of Company Histories, Vol. 10. St. James Press, 1995, reproduced by Funding Universe, 2009-01-25,

Amtrak lawsuit

The company 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.NEWS,weblink Judge sends AFG's Amtrak claims to arbitrator, December 5, 2008, American City Business Journals, Cincinnati Business Courier, 2009-01-25, The case was dismissed in 2015.NEWS,weblink Judge rules on American Financial lawsuit against Amtrak, Cincinnati Business Courier, February 26, 2015,

References

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