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The lead underwriter on the Dell IPO was Goldman Such."It is a bank holding company that does business in investment banking, trading, securities and other financial areas.
In general terms, an underwriter is defined as a person who assesses risks to be covered by an insurance policy or a person (as an individual or company) who underwrites a security issue. In title insurance terms, the role of the Underwriter is: (a) The company insuring and issuing the title coverage ie: Chicago Title, Stewart Title, United General Title, First American, Attorneys Title Insurance Fund, etc. and; (b) The person with the local title agency who examines the title searches, county records, etc. in order to create a Title Binder or Title Commitment (intent to insure) for the property. Title insurance is the only type of insurance that is typically "underwritten" at the local level by the title agency. Most other types of insurance providers gather information about a car, person or property and then sends that information to a central office for processing and underwriting. An underwriter can also apply to financial industry as in the bank's underwriter or a securities underwriter.
Underwriting the securities means it is a gurranty given by underwriter, who is an registered with SEBI. that he will subscribe the shares when the shares are not full subscribed by the public. He wll charge some% of commission for the risk he his taking.
California has set criteria for an insurance UNDERWRITER to become approved to issue insurance. Start with the California Department of Insurance. Their website is: www.insurance.ca.gov Becoming an AGENCY has a separate criteria than an UNDERWRITER being approved to issue insurance.
Public corporations issue securities
The underwriter aims to manages risk. He or she assess the customer on a risk profile for various products a financial financial service provider may offer.
government securities
Public corporations issue securities
An underwritter is an incorporated body or simply an investor who acts as an insurance policy in a security issue. In the UK, an underwriter simply makes a promise to pay the underwritten securities at a given price if no one pays them. He receives a commission for that. IN the US it is totally different the underwritter buys the securities at a discount to the par value and sell them to the public.
An underwritter is an incorporated body or simply an investor who acts as an insurance policy in a security issue. In the UK, an underwriter simply makes a promise to pay the underwritten securities at a given price if no one pays them. He receives a commission for that. IN the US it is totally different the underwritter buys the securities at a discount to the par value and sell them to the public.
What does an auto insurance underwriter do?
issue new treasury securities