{"id":381108,"date":"2020-11-13T16:18:05","date_gmt":"2020-11-13T21:18:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381108"},"modified":"2020-11-13T16:18:05","modified_gmt":"2020-11-13T21:18:05","slug":"ni-holdings-inc-announces-retirement-of-executive-vp-and-cfo-brian-doom","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ni-holdings-inc-announces-retirement-of-executive-vp-and-cfo-brian-doom\/","title":{"rendered":"NI Holdings, Inc., announces retirement of Executive VP and CFO Brian Doom"},"content":{"rendered":"
\n

FARGO, N.D., Nov. 13, 2020 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today announced the impending retirement of top executive Brian Doom, effective May 25, 2021.<\/p>\n

Doom serves as Executive Vice President, Secretary\/Treasurer, and CFO of NI Holdings, Inc. and all affiliated companies (Nodak Insurance Company, American West Insurance Company, Battle Creek Mutual Insurance Company, Primero Insurance Company, Direct Auto Insurance Company, Nodak Mutual Group, Inc., Tri-State, LTD, and Nodak Agency, Inc.).<\/p>\n

He joined Nodak Insurance Company in December 2005 and helped lead the company through demutualization in 2017.<\/p>\n

\u201cI want to congratulate Brian on his retirement from Nodak Insurance Company,\u201d said Michael J. Alexander, President and CEO. \u201cFor the past 15 years, Brian has provided outstanding leadership in the finance area, our company\u2019s reinsurance programs, investment and financial decisions.\u00a0We will miss his leadership, insight and experience here at Nodak.\u00a0I want to wish him and Julie the best as they move back to their home state of Iowa to spend more time with family and friends.\u201d<\/p>\n

\u201cVery simply, the past 15 years have been fun,\u201d said Doom. \u201cI have had the pleasure of working with a great financial team, a collaborative management team and a supportive Board of Directors. We have been able to accomplish a lot throughout the years and I can only imagine that the company will continue to be successful in the future.\u201d<\/p>\n

Seth Daggett will assume the role of Executive Vice President, Treasurer and CFO upon Doom\u2019s departure. Daggett joined Nodak in September 2019 and has over 15 years of experience in the property\/casualty insurance industry. Prior to joining Nodak, he was the chief financial officer and treasurer at RAM Mutual Insurance Company.<\/p>\n

Daggett began his career as an external auditor at Deloitte, and joined Travelers Companies, Inc. in 2004 where he served as senior director of finance from 2008 to 2015. Daggett graduated from the University of North Dakota with bachelor’s degrees in financial management and accounting, and is a certified public accountant. He has the CPCU and ARe designations from the American Institute of Chartered Property Casualty Underwriters and the Insurance Institute of American, and served as a board member of the Minnesota Workers’ Compensation Insurers Association from 2017 to 2019.<\/p>\n

Tim Milius will assume a new role within the organization as Chief Accounting Officer and Secretary. Milius has over 33 years of insurance industry experience including financial reporting, financial operations, and project management. Prior to joining Nodak Insurance Company in March 2017, he held several financial management positions with United Health Group and Assurant Health. He currently manages all public company financial reporting for NI Holdings, Inc.<\/p>\n

Milius earned bachelor\u2019s degrees in accounting and management information systems from the University of Wisconsin \u2013 Milwaukee, and has been a certified public accountant since 1993.<\/p>\n

\n About the Company<\/strong>\n <\/p>\n

NI Holdings, Inc. is an insurance holding company. The company is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance Company were issued to Nodak Mutual Group, Inc., which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance Company then became a wholly-owned stock subsidiary of NI Holdings.<\/p>\n

NI Holdings completed the acquisition of Direct Auto Insurance Company on August 31, 2018, which is a wholly-owned stock subsidiary of NI Holdings.<\/p>\n

NI Holdings completed the acquisition of Westminster American Insurance Company on January 1, 2020, which is a wholly-owned stock subsidiary of NI Holdings. Westminster is included in the Company\u2019s financial results as of the closing date.<\/p>\n

Nodak Insurance Company owns American West Insurance Company and Primero Insurance Company. Nodak Insurance Company also manages Battle Creek Mutual Insurance Company and reinsures 100% of the risk on all insurance policies issued by Battle Creek.<\/p>\n

NI Holdings\u2019 financial statements are the consolidated financial results of NI Holdings; Nodak Insurance, including Nodak Insurance\u2019s wholly-owned subsidiaries American West and Primero, and its affiliate Battle Creek; Direct Auto; and Westminster.<\/p>\n

\n Safe Harbor Statement<\/strong>\n <\/p>\n

Some of the statements included in this news release, particularly those anticipating future financial performance, business prospects, growth and operating strategies, and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual results could vary materially. Factors that could cause actual results to vary materially include: our ability to maintain profitable operations, the adequacy of the loss and loss adjustment expense reserves, business and economic conditions, interest rates, competition from various insurance and other financial businesses, terrorism, the availability and cost of reinsurance, adverse and catastrophic weather events, legal and judicial developments, changes in regulatory requirements, our ability to integrate and manage successfully the insurance companies we may acquire from time to time, and other risks we describe in the periodic reports we file with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.<\/p>\n

For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to our Annual Report on Form 10-K, as filed with the SEC.<\/p>\n

\n
\n Investor Relations Contacts<\/em>
\n <\/strong>
\n
\n : <\/em>
\n <\/strong>
\n
\n Brian Doom<\/em>
\n
\n Executive Vice President and <\/em>
\n Chief Financial Officer<\/em>
\n
\n 701-298-4200<\/em>
\n
\n
\n bdoom@nodakins.com<\/em>
\n <\/a>\n <\/p>\n

\n Timothy J. Milius, CPA<\/em>
\n
\n Vice President, Finance<\/em>
\n
\n 701-298-<\/em>
\n 4275<\/em>
\n
\n
\n tmilius@nodakins.com<\/em>
\n <\/a>\n <\/p>\n

\n
\n Media Contact:<\/em>
\n <\/strong>
\n
\n Beth DuFault<\/em>
\n
\n 701-298-4282<\/em>
\n
\n
\n bdufault@nodakins.com<\/em>
\n <\/a>\n <\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

FARGO, N.D., Nov. 13, 2020 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today announced the impending retirement of top executive Brian Doom, effective May 25, 2021. Doom serves as Executive Vice President, Secretary\/Treasurer, and CFO of NI Holdings, Inc. and all affiliated companies (Nodak Insurance Company, American West Insurance Company, Battle Creek Mutual Insurance Company, Primero Insurance Company, Direct Auto Insurance Company, Nodak Mutual Group, Inc., Tri-State, LTD, and Nodak Agency, Inc.). He joined Nodak Insurance Company in December 2005 and helped lead the company through demutualization in 2017. \u201cI want to congratulate Brian on his retirement from Nodak Insurance Company,\u201d said Michael J. Alexander, President and CEO. \u201cFor the past 15 years, Brian has provided outstanding leadership in … <\/p>\n

Continue reading “NI Holdings, Inc., announces retirement of Executive VP and CFO Brian Doom”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381108","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNI Holdings, Inc., announces retirement of Executive VP and CFO Brian Doom - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ni-holdings-inc-announces-retirement-of-executive-vp-and-cfo-brian-doom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NI Holdings, Inc., announces retirement of Executive VP and CFO Brian Doom - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FARGO, N.D., Nov. 13, 2020 (GLOBE NEWSWIRE) — NI Holdings, Inc. 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