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Underwriting

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New India net quadruples to Rs 844-cr on better underwriting
The Economic Times  May 1  Comment 
New India Assurance today reported an over four-fold rise in net profitat Rs 843.66 crore in the previous fiscal on the back of a rise in investment income and dip in underwriting losses.
‘Hike in motor insurance premium too low to cover underwriting losses’
The Hindu Business Line  Mar 29  Comment 
General insurance industry has termed the decision of the sectoral regulator to increase the motor insurance premium as a step in the right direction, but too low to cover the losses in this segme...
Road projects: Gammon obtains underwriting for financial closure
The Hindu Business Line  Mar 22  Comment 
Gammon Infrastructure has secured underwriting for the financial closure of five highways projects in Bihar, Andhra Pradesh, Madhya Pradesh, Orissa and Haryana, which is likely to help the develop...
MGIC( MTG) Debuts New Streamlined Underwriting Program: MGIC Go!
StreetInsider.com  Jan 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/MGIC%28+MTG%29+Debuts+New+Streamlined+Underwriting+Program%3A+MGIC+Go%21/8044799.html for the full story.
HIIG Reorganizes Domestic Underwriting Operations
Insurance Journal  Jan 8  Comment 
Houston International Insurance Group (HIIG) has reorganized ts domestic underwriting operations, which going forward will be re-branded under the symbol HIIG. The following divisions have been created: HIIG Construction – Crane & Rigging;...
CNA Appoints Commercial Underwriting Officer in Boston
Insurance Journal  Dec 26  Comment 
CNA Financial Corp. has recently appointed Charles O’Donnell as commercial underwriting officer for its Boston branch office. In this position, O’Donnell will add local underwriting leadership and technical underwriting capabilities to branch...
XL Group’s Marine Unit Boosts Underwriting and Claims Staff in N.Y.
Insurance Journal  Dec 20  Comment 
XL Group plc’s North American marine business is expanding its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant....
Berger Named President of Berkley Specialty Underwriting Managers
Insurance Journal  Dec 20  Comment 
Kenneth J. Berger has been named president of Berkley Specialty Underwriting Managers LLC. The appointment is effective immediately. Berger succeeds Steven S. Zeitman, who has been appointed chairman and will remain chief executive officer....
Talbot Appoints Schild as New Political Risk Underwriter
Insurance Journal  Dec 18  Comment 
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the appointment of Thomas Schild as Vice President, Political Risk Underwriter of Talbot Underwriting Services (US) Ltd. Talbot Underwriting Ltd operates...




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Underwriting is the process by which financial institutions bring newly issued securities to a group of investors, be it the investing public as a whole, or specifically targeted private investors. In Investment Banking, underwriting describes the transaction between a bank and a client who wishes to issue either equity or debt securities. When a bank underwrites a deal with their client they agree to purchase newly issued securities from the client with the intention of selling them for a profit later. The client pays the bank a premium (or rather, sells the bank their securities at a discount) in order to obtain capital without searching for many smaller buyers. In return for this premium, the bank is assuming the risk of holding the newly issued securities, which could lose value and result in a loss.

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