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  September 5, 2001
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Home > Company Index > Insurance > Property & Casualty Insurance > ACCEL International Corporation

ACCEL International Corporation
OTC: ACLE
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 PROFILE
Despite its global-sounding name, struggling insurer ACCEL International's business is all-American and staying put. ACCEL's commercial property and casualty subsidiary, Acceleration National Insurance, has been placed into liquidation. Acceleration National Insurance specialized in products for long-haul truckers and charter bus operators (which accounted for some three-fourths of sales). ACCEL re-entered the auto insurance market through the acquisition of Allegiance Insurance Managers. The company was founded in 1969 by Ohio auto dealers.

 COMPETITION
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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 21.30
1-Yr. Sales Growth: (39.7)%
Employees: 140
Revenue per employee: $152,142.86

 KEY PEOPLE
• Gerald H. Pastor
    CEO

 CONTACT INFO
75 West St.
Simsbury, CT 06070
US
Phone: 860-843-7600
Fax: 860-843-7610

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