What's the difference between broker and underwriter?

Broker


Definition:

  • (v. t.) One who transacts business for another; an agent.
  • (v. t.) An agent employed to effect bargains and contracts, as a middleman or negotiator, between other persons, for a compensation commonly called brokerage. He takes no possession, as broker, of the subject matter of the negotiation. He generally contracts in the names of those who employ him, and not in his own.
  • (v. t.) A dealer in money, notes, bills of exchange, etc.
  • (v. t.) A dealer in secondhand goods.
  • (v. t.) A pimp or procurer.

Example Sentences:

  • (1) Philip Shaw, chief economist at broker Investec, expects CPI to hit 5.1%, just shy of the 5.2% reached in September 2008, as the utility hikes alone add 0.4% to inflation.
  • (2) The big worry here is: even if the data broker reports aggregate data, a) it has this information on an individual level – how else might it use it?
  • (3) Access to besieged areas was a condition of a truce brokered earlier this year by the US and Russia , but the Syrian government has continued to ignore requests for aid deliveries, humanitarian officials say.
  • (4) But Ray Boulger of mortgage broker John Charcol says that because his parents are prepared to lend him another £40,000, not only can he look for a more expensive property, but he will also be able to apply for a much cheaper mortgage based on 80% LTV.
  • (5) Things only got worse in 1998 when Russia defaulted on its loans: the people of this area once again lost what little they had saved, and the oligarchs just got richer, in yet more deals that Russians perceived, with some justification, to have been brokered by the west.
  • (6) The parents should not be expected to be the "brokers" for various specialty services.
  • (7) The UN-brokered deal comes ahead of next month’s peace talks in Vienna, aimed at resolving the five-year crisis.
  • (8) Locally brokered ceasefires have taken effect elsewhere in Syria in recent months, notably in the Moadimeyah district of Damascus, which was also once a hub of opposition control.
  • (9) Combining the data from cutaneous malignant melanoma over both sexes and both registries the occupations with the highest incidence ratios (expressed as a percentage) were: airline pilots, incidence ratio (IR) = 273, (95% confidence limits 118-538); finance and insurance brokers IR = 245 (140-398); professional accountants IR = 208 (134-307); dentists IR = 207 (133-309); inspectors and supervisors in transport IR = 206 (133-304); pharmacists IR = 198 (115-318); professionals not elsewhere classified IR = 196 (155-243); judges IR = 196 (126-289); doctors IR = 188 (140-248); university teachers IR = 188 (110-302); and chemists IR = 188 (111-296).
  • (10) Less remarked on was the fact that a deadline for Iran to accept a UN-brokered deal passed on Thursday and raised the prospect of a fresh round of sanctions against Tehran.
  • (11) A lot of the problems hark back to these unscrupulous brokers who didn’t have any real interest in education.
  • (12) The role of the assertive community treatment worker begins with the identification and engagement of appropriate consumers; proceeds to the development and implementation of practical intervention plans; includes home visiting, in-the-field skill development, and resource brokering, with an emphasis on concrete problem solving; includes close collaboration with inpatient workers and families; and entails the assumption of ultimate professional responsibility for the consumers' well-being.
  • (13) And the timing was unfortunate – just as the last round of US-brokered peace talks was on the brink of collapse – even though the project had begun long before.
  • (14) Funding to private training colleges frozen and Medicare safety net changes shelved Read more “One thing that I think is important is the future of brokers and agents,” he told Guardian Australia.
  • (15) The relationship will take a similar form to that brokered by the Independent late last year to share back office functions to save millions in costs.
  • (16) In 2000, the two sides brokered a deal through the mediation of the UK and US governments and the human genome was put in the public domain.
  • (17) The dentist's role in the information society is described as an information broker between the dental science and the public, the patients.
  • (18) Eight out of 10 mortgage brokers say they have had to reject customers in the past six months, according to figures from the Intermediary Mortgage Lending Association.
  • (19) The war has dragged on despite efforts by a UN mediator to broker a peace deal.
  • (20) Blair then acted as an "honest broker" between the two to rekindle the deal, the court heard.

Underwriter


Definition:

  • (n.) One who underwrites his name to the conditions of an insurance policy, especially of a marine policy; an insurer.

Example Sentences:

  • (1) A new bill, to be published this week with the aim of turning it into law by next month, will allow the government to use Britain's low borrowing rates to guarantee the £40bn in infrastructure projects and £10bn for underwriting housing projects.
  • (2) The Hippocratic concept of preceptor education as an alternative has much to recommend it in replacing the present system, which underwrites the cost of student education through research grants and subsidies, but greatly neglects the continuing education of the practicing physician.
  • (3) Our presence underwrites the multi-use legacy of the stadium and our contribution alone will pay back more than the cost of building and converting the stadium over the course of our tenancy.” West Ham added in a later statement: “The worldwide draw of hosting the most popular and watched football league in the world in such an iconic venue will add value to any sponsorship and commercial agreements related to the stadium, which the public purse stands to further benefit from.
  • (4) A group of ex-miners appear to have been wooed by Osborne when he visited them ahead of a trip to the Thoresby colliery in Nottinghamshire earlier this month to announce the government would underwrite a fuel-benefit scheme.
  • (5) These insurers underwrite coverage for over 100 million people.
  • (6) What if the giant corporation such as IBM, Xerox, General Electric, General Motors, and so forth, established programs to underwrite the cost of long-term care?
  • (7) Efforts to reform the small group market include making insurance more available by restricting the use of medical underwriting to deny access, and compressing rates to make it more affordable for high-risk groups.
  • (8) He clearly does not want to bite the ministerial hand that feeds but admits changes introduced as part of the government's electricity market reform policy – such as contracts that underwrite the price of renewable and nuclear-generated power – has had a dampening effect on the market.
  • (9) Other Republicans have called on the administration to underwrite the $122bn start-up costs of 19 nuclear reactors, whose applications are now under review by the department of energy.
  • (10) She said she had attempted to get it covered but no underwriters were willing to offer insurance as there were only about 500 in the world and a suitable replacement would be likely to cost more than £30,000.
  • (11) "We've got to build more homes – that means changing the planning laws, and at the same time underwriting the purchase and the construction of homes – we're doing that.
  • (12) Axa's claims and underwriting director then became involved and, with some persuading from us, you and he had a conversation about the discrepancies in your two stories.
  • (13) He added that the three new risks were the US, where corporate debt underwriting standards were "weakening rapidly"; the possibility that a flood of cheap money from developed countries could de-stabilise emerging markets; and the dangers involved in unwinding prolonged monetary easing in America.
  • (14) The documents show that Chappell’s consortium, Retail Acquisitions, defaulted on a loan a week after buying BHS, leading to higher charges, and that his advisers explored the possibility of Green underwriting the professional fees he had to pay to buy BHS.
  • (15) Read more “The project has already used £37.4m of public money and the agreement to underwrite cancellation costs by the government could bring the bill to the taxpayer up to £46.4m,” the report said.
  • (16) As a temporary method of correction joint underwriting associations appear to be the most practical suggestion.
  • (17) Britain has contributed around £1bn to the European Financial Stability Mechanism (EFSM), but the funds have remained outside a scheme used to underwrite short-term loans to Greece following a deal between the UK and Brussels in 2010 stipulating that UK funds would only be used to protect the EU.
  • (18) And it could be a goldmine for insurance companies, able to find out everything they ever wanted to know about the risk they're underwriting.
  • (19) The increase from 1947-50 to 1961-5 in mortality during all episodes of ischaemic heart disease was the same in the doctors as in the male population of England and Wales at 45-54, but at 55-64 it was less.The results in the doctors are not due to alterations over the period in length of sickness absence, or underwriting policy, or of the nomenclature used on the certificates.Well-documented changes in the smoking habits of doctors may be partly responsible for what appears to have been a relatively favourable experience of ischaemic heart disease from 1947-50 to 1961-5, especially at ages 55-64.Incidence of duodenal ulcer at ages 35-64 declined steadily in this population of doctors from 1947-50 to 1961-5.
  • (20) In this paper I compute the actual and allowable normal underwriting profit rates in medical malpractice, as well as in other liability lines, for six large insurance companies.