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20.05.25 - 21:30
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AM Best Downgrades Issuer Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc. (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Nodak Insurance Group (Nodak). The outlook of the Long-Term ICRs has been revised to stable from negative, while the outlook of the FSR is stable. Concurrently, AM Best has downgraded the Long-Term ICR to “bbb” (Good) from “bbb+” (Good) of NI Holdings, Inc. (Fargo, ND) [NASDAQ: NODK], a publicly traded holding company. The outlook of this Credit Rating (rating) has been revised to stable from negative. (See below for a full listing of companies and ratings.)
The ratings reflect Nodak's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The downgrade of the Long-Term ICRs reflects the volatility in Nodak's operating results...
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22.11.24 - 22:18
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NI Holdings, Inc. Announces Leadership Transition (GlobeNewswire EN)
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FARGO, N.D., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (the “Company”, NASDAQ: NODK) announced today the appointment of Seth C. Daggett as President and Chief Executive Officer (CEO), effective December 1, 2024. Mr. Daggett brings over two decades of industry experience, most recently serving as the Company's Chief Financial Officer (CFO) and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' (the “Board”) search for a permanent CEO, as previously announced....
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15.08.24 - 22:33
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NI Holdings, Inc. Announces Leadership Change (GlobeNewswire EN)
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FARGO, N.D., Aug. 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) today announced that Michael J. Alexander has stepped down from his role as President and Chief Executive Officer of NI Holdings, along with his role as a board member of the company, effective August 13, 2024. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Cindy L. Launer as Interim Chief Executive Officer, effective August 13, 2024....
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05.07.24 - 22:18
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NI Holdings, Inc. Completes the Sale of Westminster American Insurance Company (GlobeNewswire EN)
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FARGO, N.D., July 05, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) has completed the previously announced sale of its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale was $10.5 million in cash, subject to certain post-closing adjustments pursuant to the Purchase Agreement dated May 7, 2024....
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