Fargo, North Dakota-based insurance holding company, NI Holdings Inc., the parent company of Nodak Insurance, is planning to repurchase up to approximately $10 million of the company’s outstanding common stock. The actual timing, number, and value of common shares repurchased …
NI Holdings Inc. has completed its previously announced acquisition of Westminster American Insurance Company from private shareholders on January 1, 2020. The acquisition of Westminster further diversifies NI Holdings’ portfolio of products geographically and by line as additional commercial multi-peril …
NI Holdings Inc. has signed a definitive agreement to purchase 100 percent of the issued and outstanding stock of Westminster American Insurance Company from private shareholders. Westminster American is headquartered in Owings Mills, Md., and underwrites commercial multi-peril insurance in …
North Dakota-based NI Holdings Inc. has agreed to purchase Direct Auto Insurance Co. (Direct Auto), headquartered in Chicago. Direct Auto underwrites specialty automobile insurance in Illinois through independent agents. Joe Fitzgerald, the president of Direct Auto and one of the …
A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak Insurance Company (Nodak Insurance), based in Fargo, North Dakota, and its reinsured affiliate, …
North Dakota-based insurance holding company, NI Holdings Inc. announced its board of directors has authorized a repurchase of up to approximately $10 million of the company’s outstanding common stock. The company said the authorization supports its planned approach to capital …
Nodak Mutual Insurance Co., based in Fargo, N.D., has completed its conversion from a mutual to stock insurance company and the formation of a mutual holding company Nodak Mutual Group Inc. and an intermediate stock holding company NI Holdings Inc. …
