American Premier Underwriters
| Type | Publicly traded |
|---|---|
| Industry | Insurance |
| Founded | 1846 |
| Headquarters | Cincinnati, Ohio |
| Products | Property insurance Casualty insurance |
American Premier Underwriters is a property and casualty insurance company that was established as the Pennsylvania Central Railroad Company in 1846. It was formerly known as the Penn Central Transportation Company and it currently owns non-rail assets. The company is headquartered in Cincinnati, Ohio. In addition to casualty insurance, the company is also in the business of fire and marine insurance.[1]
History[]
During the nineteenth century the company was known as the Pennsylvania Central Railroad Company. It was established on April 13, 1846 in Cincinnati.[2] In March 1994, the company went through a name change and became 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.[4]
In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion.[4]
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.[5] The case was dismissed in 2015.[6]
References[]
- ^ "American Premier Underwriters Inc SEC Registration". sec.report. Retrieved 2021-08-21.
- ^ www.bloomberg.com https://www.bloomberg.com/profile/company/15872Z:US. Retrieved 2021-08-17. Missing or empty
|title=(help) - ^ "Insurance Unit to Buy its parent in Stock Merger", New York Times, December 13, 1994
- ^ Jump up to: a b "American Premier Underwriters, Inc". International Directory of Company Histories, Vol. 10. St. James Press, 1995, reproduced by Funding Universe. Retrieved 2009-01-25.
- ^ "Judge sends AFG's Amtrak claims to arbitrator". Business Courier of Cincinnati. December 5, 2008. Retrieved 2009-01-25.
- ^ "Judge rules on American Financial lawsuit against Amtrak", Cincinnati Business Courier, February 26, 2015
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- Companies based in Cincinnati
- Financial services companies of the United States
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