managing underwriter

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

References in periodicals archive ?
The purpose of this Request for Qualifications (the RFQ ) is to select qualified underwriting firms for inclusion in the Authoritys underwriting pools for Senior Managing Underwriter (the Senior Manager Pool ) and Co-Managing Underwriter (the Co-Manager Pool and, together with the Senior Manager Pool, the Pools ) for transactions that may be sold on a negotiated basis.
Rodman & Renshaw LLC, part of Rodman & Renshaw Capital Group (NASDAQ:RODM), was the lead managing underwriter of the offering, while Newbridge Securities Corp acted as co-lead managing underwriter.
The typical managing underwriter is an independent contractor that has to cover its own operating expenses but works closely with a reinsurer and has an agreement that declares that its primary fiduciary responsibility is to serve the interests of the reinsurer.
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.
In some cases, the virtual managing underwriter is getting exclusive Internet-access rights to the contracting insurance company.
If or when the Authority resolves to issue Revenue Bonds or Port District Project Bonds, a firm or entity qualified under this RFQ (each firm or entity a Qualifying Respondent ) will be selected as a Senior Managing Underwriter, Co-Senior Managing Underwriter or Co-Managing Underwriter.

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