NODK News & Events

NI Holdings (NODK) announced that Seth Daggett has stepped down from his role as President and CEO of NI Holdings, along with his role as a board member of the company, to pursue other opportunities, effective immediately. The Board has appointed Cindy Launer as the President and CEO of NI Holdings, effective October 10. Launer previously served as the Interim CEO of NI Holdings in the fall of 2024 and has otherwise served as an independent non-executive director on NI Holdings' board since November 2019. Formerly, Launer served as COO of AIG's (AIG) Commercial Insurance Business, before retiring in 2018. She will remain on the Board of Directors while serving as the CEO.

NI Holdings announced that its board of directors has approved an authorization for the repurchase of up to approximately $5M of the company's outstanding common stock. This authorization is in addition to the approximately $1.3M remaining under the board's previous repurchase authorization announced on May 9, 2022, for a total of approximately $6.3M available for the repurchase of the Company's outstanding common stock.

NI Holdings announced a leadership appointment. Kelly Dawson has recently joined the company as senior VP and chief human resources officer. In this newly created role, Dawson will have oversight of all aspects of human resources, including talent acquisition, employee engagement, compliance and organizational development.

NI Holdings announced several strategic leadership appointments. Kevin Elfstrand has been promoted to senior VP and chief accounting officer. He will continue to oversee the accounting department and lead external financial reporting. He most recently served as assistant VP of corporate audit. Brandon Nicol has been promoted to senior VP of reinsurance and chief underwriting officer. In this role, Nicol will lead the company's underwriting strategy and reinsurance. Chris Oen has been promoted to senior VP and chief claims officer. Oen will continue to lead the claims department. Dominic Weber has been promoted to senior VP and chief actuary. Weber will continue to lead the Actuarial department and oversee reserving, ratemaking, and predictive analytics initiatives. Doug Duncan has been recently hired as senior VP and chief information officer. In this newly created role, Duncan will lead the company's technology strategy and oversee modernization initiatives to support business growth.