American Premier Underwriters is a property and casualty insurance company, headquartered in Cincinnati, Ohio.
[2] On March 25, 1994, the company changed its name from Penn Central Corporation to American Premier Underwriters Inc.[3] 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.
[6] In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion.
[4] 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.
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