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Managing Underwriter

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Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.

Lead Arranger
In investment banking, an underwriting firm that leads a syndicate. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The lead arranger assigns parts of the new issue to other underwriters for placement and usually takes the largest part itself. It is also called a managing underwriter or a syndicate manager or, less formally, a book runner.

managing underwriter


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Through the consistent underwriting and claims management provided by the managing underwriter, agents and insureds can rest assured that if one insurance carrier decides to discontinue coverage, another market is readily available.
Stephens served as the managing underwriter and SunTrust Robinson Humphrey served as co-manager.
Merrill Lynch & Co will act as the lead managing underwriter of the offering, with Bear, Stearns & Co and Hambrecht & Quist on board as well.
 
 
 
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