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. In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion."American Premier Underwriters, Inc.". International Directory of Company Histories, Vol. 10. St. James Press, 1995, reproduced by Funding Universe. http://www.fundinguniverse.com/company-histories/American-Premier-Underwriters-Inc-Company-History.html. Retrieved 2009-01-25.
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The company has sued Amtrak to force the passenger railroad company to redeem shares that Penn Cenral received at the time it transferred much of its passenger rail assets to Amtrak.[1]