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

See: 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,

References in periodicals archive ?
The SEC also found that the underwriting firms "failed to conduct adequate due diligence to identify the misstatements and omissions before offering and selling the bonds to their customers.
Affiliated directors from prestigious underwriting firms held four seats or 13% of the lead underwriting seats.
Detweiler's group is petitioning top underwriting firms to make shares of popular IPOs more available to individual investors through a lottery or on a first-come, first-serve basis.
The Securities and Exchange Commission recently hit Edward Jones with a $20 million fine for overcharging investors for the bonds sold to them and in June charged 36 municipal underwriting firms for fraudulent offerings.
Mortgage Bankers and Loan Correspondents represent the highest percentage of defendants (32 percent) but defendants also include mortgage brokers, lenders, appraisers, title companies, homebuilders, servicers, issuers, underwriting firms, bond insurers, money managers, public accounting firms and company directors and officers, among others.
Assist SAWS in the selection of financial underwriting firms including, but not limited to, the preparation and mailing of the request for proposal, in-depth evaluation of proposals submitted by financial underwriting firms and oral presentations by such firms (if any), selection of the financial underwriting pool and financial underwriting syndicates for specific transactions.
The underwriting firms also allegedly failed to conduct adequate due diligence to identify the misstatements and omissions before offering and selling the bonds to their customers.
Daniel Fischel of Lexecon, the world's foremost damages expert, trebling that number, plus pre-judgment interest, leads to an enormous financial exposure for the leading underwriting firms for allegedly manipulating over 800 IPOs in the 1999-2000 time period.
The SEC filed actions under the initiative against a total of 72 municipal underwriting firms, comprising 96 percent of the market share for municipal underwritings, in June 2015, in September 2015, and in February 2016.
21st Services had asserted in response to a lawsuit filed by Coventry that, contrary to allegations contained in a complaint filed by Coventry, its life expectancy estimates are statistically accurate, are "superior" to estimates provided by other underwriting firms, and are the "gold standard" in the life settlement industry.
The City of Derby, Kansas (City) is soliciting STATEMENTS OF QUALIFICATIONS from qualified underwriting firms in connection with the issuance of $23,996,484 in Sales Tax and Revenue Bonds (STAR Bonds) which will be issued pursuant to K.