Robert R. Benson had been financing the construction of British railway lines while Alexander Friedrich Kleinwort started off trading cigars in Cuba before underwriting stock sales, including that of Sears Roebuck & Company in 1906.
"We are going to become a competitive company at the expense line, at the underwriting line," he told the investors and analysts in New York.
Gates insists the private sector should play a lead role in poverty reduction – but is he justified in helping to underwrite corporate bottom-lines through tax-advantaged gifts?
Your editorial also did not note that credit card issuers have vigorous standards for the college student market in how they offer their products, underwrite credit and assign lines to students.
New procedures are often left to surplus lines carriers to underwrite, adding a layer of oversight to the introduction of new procedures such as Lasik eye surgery and laparoscopic gallbladder surgery.
But they are of critical significance to the pencil pushers who underwrite insurance policies, whose bottom line to the likes of me is, no broken window, no payout.
At Nationwide, whose home insurance is underwritten by Direct Line, there are no security requirements for most customers buying a home insurance policy.
So to protect its bottom line, Levi Strauss has helped underwrite and champion a nonprofit program that teaches farmers in India, Pakistan, Brazil and West and Central Africa the latest irrigation and rainwater-capture techniques.
She previously worked in PR before setting up her business in 2011 Stuart Saggers is underwriting manager for Direct Line for Business with more than 20 years experience in the commercial insurance industry, specialising in the SME market Sign up to become a member of the Guardian Small Business Network here for more advice, insight and best practice direct to your inbox.
The bankers were expected to offer a cut-rate fee, trading profits for the prestige of managing a historic offering and getting in line for future underwriting business from the company.
