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underwriter
(redirected from Underwriting Firms)

   Also found in: Dictionary/thesaurus, Financial 0.01 sec.

underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite)


See also: guarantor, insurer, surety

UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer.
     2. By this act he places himself as to his responsibility, in the place of the insured. He may cause a re-insurance (q.v.) to be made for his benefit; and it is his duty to act with good faith, and, without quibbling, to pay all just demands against him for losses. Marsh. Ins. 45,



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Mortgage bankers and loan correspondents represent the highest percentage of defendants (32 percent) but defendants also include mortgage brokers, lenders, appraisers, title companies, home builders, servicers, issuers, underwriting firms, bond insurers, money managers, public accounting firms, and company directors and officers, among others.
The case is on behalf of all mid-size IPO issuers since November 1994, and defendants include in excess of twenty underwriting firms.
Furthermore, financial advisors who are affiliated with bond underwriting firms have an especially difficult challenge wearing two hats: providing objective advice to their clients, while simultaneously marketing their underwriting services to those same firms that they are supposed to be evaluating.
 
 
 
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