underwriter

[ uhn-der-rahy-ter ]

/ ˈʌn dərˌraɪ tər /

a person or company that underwrites policies of insurance or carries on insurance as a business.

a person or company that underwrites shares or bonds.

a person or organization that finances something; backer: the underwriters of the ballet company.

Origin of underwriter

First recorded in 1610–20; underwrite + -er¹

Usually the broker keeps a current account with the underwriter, and premiums and losses are dealt with in account.

Encyclopaedia Britannica, 11th Edition, Volume 4, Part 3 |Various
Bill of sale and abandonment with subrogation to underwriter—that is, an assignment of all interest to the underwriter.

Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6 |Various
The contract is deemed to be concluded when the underwriter accepts the risk, whether the policy be then issued or not.

Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6 |Various
It states the limits of voyage and value covered by the underwriter, and the class of ships to be employed.

Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6 |Various

The consideration paid by the insured to the underwriter in return for the protection granted by the latter is called the premium.

Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6 |Various

underwriter

/ (ˈʌndəˌraɪtə) /

a person or enterprise that underwrites public issues of shares, bonds, etc

a person or enterprise that underwrites insurance policies
an employee or agent of an insurance company who assesses risks and determines the premiums payable