Affiliated Wholesaler

Affiliated Wholesaler

1. A wholesaler who owns a majority or significant minority stake in one or more retailers. This allows the affiliated wholesaler either control or significant influence over how its products are marketed at a retail level. It also provides one or more guaranteed customers for the wholesaler's products.

2. A group of wholesalers that band together for marketing purposes.
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With the exception of Chairman of the Board Thomas Haggai, every member of the 11-man board of directors is a chief executive with an affiliated wholesaler.
The opportunity to access business produced by an affiliated wholesaler, Burns & Wilcox, one of the nation's largest, independently-owned insurance wholesalers, has greatly aided the group's ability to produce favorable underwriting results.
The flexibility to write business via the affiliated wholesaler has been a key aspect of the group's cycle management strategy.

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