NI Holdings promotes Nicol to CUO amid five senior appointments

By Isha Marathe

May 27 - (The Insurer) - Nodak Insurance Company parent NI Holdings has made five senior appointments, including the promotion of Brandon Nicol to senior vice president of reinsurance and chief underwriting officer.

Nicol has 19 years of experience in the insurance and reinsurance industries. He joined Fargo, North Dakota-based Nodak in 2022, and his career also includes roles at AmericanAg, XL Catlin, Country Financial and State Farm.

Dominic Weber, who has over 42 years of experience in the property and casualty insurance industry, has been promoted to senior vice president and chief actuary. Prior to joining Nodak, Weber was vice president and chief actuary at Society Insurance.

Kevin Elfstrand has been promoted to senior vice president and chief accounting officer, where he will continue to oversee the accounting department and lead external financial reporting. He has over 20 years of experience in the property and casualty insurance industry, including 17 years at Travelers Companies, where he most recently served as assistant vice president of corporate audit. He began his career at Deloitte.

Chris Oen has been promoted to senior vice president and chief claims officer, where he will continue to lead the claims department. He joined NI Holdings in 2007 and has held several senior roles during his time with the company.

Additionally, Doug Duncan has recently been hired as senior vice president and chief information officer. He has over 25 years of technology leadership experience, including previous roles as chief information officer at Columbia Insurance Group and senior vice president at Swiss Re.