NI Holdings, Inc. has announced that Seth C. Daggett will take on the role of president and chief executive officer (CEO), effective December 1, 2024. Daggett, currently the company’s chief financial officer (CFO) and treasurer, will succeed Cindy L. Launer, who has been serving as interim CEO during the company’s search for a permanent leader.
Daggett brings extensive industry experience to his new role. Prior to joining NI Holdings, he served as CFO and treasurer at RAM Mutual Insurance Company and as senior director of finance at Travelers Companies, Inc. He began his professional journey as an auditor with Deloitte. A graduate of the University of North Dakota, Daggett resides in West Fargo, N.D., with his family.
Eric K. Aamundstad, chairman of the board, praised Daggett as a “respected leader with deep industry expertise and strong community ties in North Dakota.”
Aamundstad also acknowledged Launer’s contributions during her tenure as interim CEO, highlighting her role in ensuring a smooth leadership transition. Following Daggett’s appointment, Launer will return to her position as an independent non-executive director on the board.
With Daggett’s transition to CEO, Matt Maki, currently vice president of financial planning and analysis, will step into the role of interim CFO, also effective Dec. 1, 2024.
The company intends to launch an immediate search for a permanent CFO but has not specified a timeline.
Maki’s professional background includes serving as vice president of accounting and treasurer at RAM Mutual Insurance Company, as well as various finance and treasury roles at Travelers Companies, Inc. He began his career as an auditor with Ernst & Young. Maki holds a degree from the University of Wisconsin–Eau Claire and lives in Duluth, Minn.
NI Holdings, Inc., based in North Dakota, operates as an insurance holding company. Its subsidiaries include Nodak Insurance Company, American West Insurance Company, Primero Insurance Company, Battle Creek Insurance Company, and Direct Auto Insurance Company.
