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Underwriter   /ˈəndərrˌaɪtər/   Listen
Underwriter

noun
1.
A banker who deals chiefly in underwriting new securities.  Synonym: investment banker.
2.
An agent who sells insurance.  Synonyms: general agent, insurance agent, insurance broker.
3.
A financial institution that sells insurance.  Synonyms: insurance company, insurance firm, insurance underwriter, insurer.



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"Underwriter" Quotes from Famous Books



... too the chances of war and of pestilence, were so great in that age, that it was not unusual for men when they set out upon their travels to put out a sum upon their own lives, which if they died upon the journey was to be the underwriter's gain, but to be repaid if they returned, within such increase as might cover their intervening expenses. The chances against them seem to have been considered as nearly three to one. But danger, within a certain degree, is more likely to provoke ...
— Colloquies on Society • Robert Southey

... the Bristol merchants. "He had the good fortune at one time to win a considerable prize in the lottery, and often looked in at the insurance offices, where he sometimes received premiums as an underwriter of ships and cargoes." In consequence, he obtained much patronage, and always inserted at the head of the playbills of his benefit, "By desire ...
— A Book of the Play - Studies and Illustrations of Histrionic Story, Life, and Character • Dutton Cook

... decision, however (in 1852), Justice Cushing, of the Supreme Court of Massachusetts, in Scripture vs. Lowell Mutual Fire Insurance Company, somewhat anticipated later definition, and pronounced for the liability of the underwriter where all damage by the explosion involves the ignition and burning of the agent of explosion. That is, for example, the insurer is liable for damage caused by an explosion from gunpowder, but not for an explosion from ...
— Scientific American Supplement, No. 288 - July 9, 1881 • Various

... owner of the contributing interest, ship, goods or freight. But in practice the contributions are paid by the insurers of the several interests. Merchants seldom have to concern themselves with the subject. And yet in an ordinary policy of insurance there is no express provision requiring the underwriter to indemnify the assured against this liability. The policy commonly contains clauses which recognize such an obligation, e.g. a warranty against average "unless general," or an agreement that G.A. shall be payable "as per foreign statement," or "according to ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 1 - "Austria, Lower" to "Bacon" • Various

... much speculation in his lifetime, and, curious to say, in the year 1771, it was proved to the satisfaction of a jury, on a trial before Lord Chief Justice Mansfield, that the Chevalier was of the female sex. The case in question arose from a wager between Hayes, a surgeon, and Jacques, an underwriter, the latter having bound himself, on receiving a premium, to pay the former a certain sum whenever the fact was established that D'Eon was a woman. One of the witnesses was Morande, an infamous Frenchman, who gave such testimony that no human being could doubt the fact ...
— Strange Pages from Family Papers • T. F. Thiselton Dyer

... Judicial Court, and the following sentence imposed: "That they should stand one hour in the Pillory in State Street on two several days, be confined in Prison for the term of two years, and pay Costs of Prosecution." Considering the magnitude of the crime, this was a light sentence. An underwriter in the "Chronicle" says: "It is a transaction exceeding in infamy all that has hitherto appeared in ...
— The Olden Time Series, Vol. 5: Some Strange and Curious Punishments • Henry M. Brooks



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