{"id":894970,"date":"2025-10-10T17:36:54","date_gmt":"2025-10-10T21:36:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ni-holdings-inc-announces-leadership-change\/"},"modified":"2025-10-10T17:36:54","modified_gmt":"2025-10-10T21:36:54","slug":"ni-holdings-inc-announces-leadership-change","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ni-holdings-inc-announces-leadership-change\/","title":{"rendered":"NI Holdings, Inc. Announces Leadership Change"},"content":{"rendered":"
\n

FARGO, N.D., Oct. 10, 2025 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today announced that Seth Daggett 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, to pursue other opportunities, effective immediately. The Board has appointed Cindy Launer as the President and Chief Executive Officer of NI Holdings, effective October 10, 2025.<\/p>\n

Ms. 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\u2019 board since November 2019. Ms. Launer brings 18 years of experience in the insurance industry with a proven track record of success as a global finance and operations executive. Formerly, Ms. Launer served as Chief Operating Officer of AIG\u2019s Commercial Insurance Business, before retiring in 2018. She will remain on the Board of Directors while serving as the Chief Executive Officer.<\/p>\n

\u201cWhile the company remains financially strong, the Board unanimously agreed that Cindy Launer is the right leader to guide NI Holdings into its next phase,\u201d said Eric K. Aasmundstad, Chairman of the Board. \u201cHer deep understanding of our business, steady leadership, and unwavering commitment to our people and stakeholders make her uniquely qualified for this role. We are confident in her ability to work collaboratively with the Board to shape and execute a long-term strategic plan that drives sustainable, profitable growth.\u201d<\/p>\n

Ms. Launer added, \u201cIt\u2019s an honor to return as CEO and lead a company I know well and deeply respect. With a talented team, a strong track record, and the trust of those we serve, we\u2019re well positioned for the future. I\u2019m committed to building on that foundation to deliver long-term value for our many stakeholders.\u201d<\/p>\n

About the Company<\/em><\/strong>
NI Holdings, Inc. is an insurance holding company. The company is a\u00a0North Dakota\u00a0business corporation that is the stock holding company of\u00a0Nodak Insurance Company\u00a0and became such in connection with the conversion of\u00a0Nodak Mutual Insurance Company\u00a0from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on\u00a0March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of\u00a0Nodak Insurance Company\u00a0were issued to\u00a0Nodak Mutual Group, Inc., which then contributed the shares to\u00a0NI Holdings\u00a0in exchange for 55% of the outstanding shares of common stock of\u00a0NI Holdings.\u00a0Nodak Insurance Company\u00a0then became a wholly-owned stock subsidiary of\u00a0NI Holdings. NI Holdings\u2019 financial statements are the consolidated financial results of\u00a0NI Holdings;\u00a0Nodak Insurance Company, including Nodak Insurance Company\u2019s wholly-owned subsidiaries\u00a0American West Insurance Company,\u00a0Primero Insurance Company, and\u00a0Battle Creek Insurance Company; and\u00a0Direct Auto Insurance Company.<\/em><\/p>\n

\n
\n Safe Harbor Statement<\/em>
\n <\/strong>
\n
\n Some of the statements included in this news release are forward-looking statements within the meaning of the\u00a0U.S.\u00a0Private Securities Litigation Reform Act of 1995. Actual results could vary materially. Factors that could cause actual results to vary materially include risks we describe in the periodic reports we file with the\u00a0Securities 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.<\/em>\n <\/p>\n

\n For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our\u00a0SEC\u00a0reports, including, but not limited to our Annual Report on Form 10-K, as filed with the\u00a0SEC.<\/em>\n <\/p>\n

\n
\n Investor Relations Contact:<\/em>
\n <\/strong>
\n
\n Matt Maki<\/em>
\n
\n Executive Vice President, Treasurer and Chief Financial Officer<\/em>
\n
\n 701-212-5976<\/em>
\n
\n
\n IR@nodakins.com<\/em>
\n <\/a>\n <\/p>\n

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

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

FARGO, N.D., Oct. 10, 2025 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today announced that Seth Daggett 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, to pursue other opportunities, effective immediately. The Board has appointed Cindy Launer as the President and Chief Executive Officer of NI Holdings, effective October 10, 2025. Ms. 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\u2019 board since November 2019. Ms. Launer brings 18 years of experience in the insurance industry with a proven track record of success … <\/p>\n

Continue reading “NI Holdings, Inc. Announces Leadership Change”<\/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-894970","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNI Holdings, Inc. Announces Leadership Change - 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-leadership-change\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NI Holdings, Inc. 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