News

Fargo, N.D. - Nodak Mutual Insurance Company announced today the acquisition of Tri-State, Ltd. and Primero Insurance Company. Tri-State is headquartered in Spearfish, S.D. Primero is domiciled and has an operating office in Nevada.

Tri-State is a retail sales/service general insurance agency. Primero underwrites specialty automobile insurance in Arizona, Nevada, North Dakota, and South Dakota through independent agents. Current president Herb Hill will retire upon the closing of the sale. Current vice presidents, Ryan Hill and Broch Hill, will continue handling the claims and marketing for the company.   

“We are very pleased to assume ownership from Mr. Hill, who has built an exceptional company and to have Ryan and Broch continue to oversee the operation,” said Jim Alexander, Executive Vice President & CEO of Nodak Mutual Insurance Company. “We believe that Primero and Tri-state will help to enhance the Nodak Mutual Group’s earnings and growth, and will provide unique strategic opportunities for us in the future.”

Alexander added, “Tri-State and Primero’s operating niche compliments Nodak’s core business strategy of providing personal lines products and services to defined segments of the insurance marketplace. The company fits very well with the Nodak Mutual Group and provides geographic and product diversification for us. We look forward to Tri-State and Primero’s continued success as part of the Nodak Mutual Group.”

The Nodak Mutual Group is a regional property and casualty insurance group operating in four states writing more than $150 million in direct premium and with assets of over $200 million. The group consists of Nodak Mutual Insurance Company, American West Insurance Company, and Battle Creek Mutual Insurance Company. 

Nodak Mutual Insurance Company, recognized as one of the top 50 property/casualty companies in the nation by the Ward Group, is based in Fargo and has been proudly serving North Dakota’s residents for more than 60 years.