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What are underwriters?

What are underwriters? Here are some definitions.

Noun
  1. plural of underwriter
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Examples
The process of going public involves substantial negotiation between the vendors and the underwriters.
Even the best underwriters can't prop up a sluggish stock indefinitely.
Through the quantification of fire risk, underwriters reconceptualized fire in abstract, economic terms, taming it on paper.
The four scenarios were drawn from responses of underwriters in primary insurance companies.
The underwriters of the defendants were the Swedish Club, and they needed a period of time to collate together the significant sum involved.
This practice, they argued, was similar to the behaviour of large underwriters in the traditional IPO process.

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