American Premier Underwriters
American Premier Underwriters is a property and casualty insurance company that was established as the Pennsylvania Railroad and currently owns non-rail assets that it kept from the years it was known as the Penn Central Transportation Company, it represented a variety of businesses as Penn Central, some of which were sold over the following years.
By 1994, it was primarily an insurance company, and adopted the name American Premier Underwriters. It was later acquired by American Financial Group.
In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion.
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. The case has been dismissed.
