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MEMIC

Underwrites workers' compensation insurance nationwide

Overview

MEMIC Group provides workers’ compensation insurance to employers across 46 states, with a focus on improving workplace safety and reducing costs through risk management and safety programs. It underwrites workers’ comp policies, collects premiums from clients, and uses safety resources and training to minimize injuries and claims. The company differentiates itself by combining underwriting with a strong safety-first approach, extensive client support, and a broad geographic reach, supported by a solid financial profile. MEMIC’s goal is to boost economic productivity for its clients by helping them control risk and lower total workers’ compensation costs.

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About MEMIC

Simplify's Rating
Why MEMIC is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Portland, ME

Founded

1993

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Simplify's Take

What believers are saying

  • MEMIC closed Dakota on January 7, 2026, adding 25,000 businesses and $600 million writings.
  • MEMIC hired a CIO and software director in June 2026, accelerating modernization.
  • MEMIC added underwriters and loss-control staff through September 2026, supporting Northeast and Southeast expansion.

What critics are saying

  • OneGroup NY's 2024 email breach exposed MEMIC claims data, hurting trust through 2026.
  • Dakota integration strains systems and distribution if service quality slips before 2027 renewal season.
  • Workers' compensation commoditization squeezes MEMIC unless its safety services keep loss ratios below peers.

What makes MEMIC unique

  • MEMIC became the third-largest multi-state workers' compensation specialist after Dakota closed January 2026.
  • MEMIC pairs underwriting with loss control and claims services across 50 states.
  • MEMIC holds A.M. Best A ratings for all insurance entities.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Hybrid Work Options
  • 401(k) Retirement Plan

Growth & Insights and Company News

6 month growth

5%

1 year growth

4%

2 year growth

4%
Financial Post
Oct 27th, 2026
MEMIC named Claims Champion of the Year at insurity's 2026 Excellence in AI & Insurance awards ceremony.

MEMIC named Claims Champion of the Year at insurity's 2026 Excellence in AI & Insurance awards ceremony. Business Wire Published Oct 27, 2026 MEMIC was recognized for advancing workers' compensation claims operations through smarter data capture and automated reporting HARTFORD, Conn. - Insurity, a leading provider of cloud-based software and analytics for the property and casualty insurance industry, today announced that MEMIC, a workers' compensation insurance company serving employers and injured workers, has been named Claims Champion of the Year at the 2026 Excellence in AI & Insurance conference. The award recognizes the standout organization in claims management, showcasing exceptional efficiency, accuracy, and customer satisfaction in the claims process. Story continues below This advertisement has not loaded yet, but your article continues below. MEMIC earned the award for modernizing its workers' compensation claims operations through greater automation and improved access to critical claims information. Using Insurity ClaimsXPress, MEMIC has streamlined data capture and reporting processes, reducing manual work, and improving the accuracy and consistency of claims information. These improvements help claims professionals work more efficiently and dedicate more time to supporting their policyholders through the claims process. Top Stories Interested in more newsletters? Browse here. "Insurity ClaimsXPress has been instrumental in helping us modernize our claims operations and improve how our teams work," said Robyn Jackson, Vice President, Claim Operations & Enterprise Regulatory Reporting at MEMIC. "Through automating critical processes and making claims information more accurate and accessible, we're reducing administrative work and giving our claims professionals more time to focus on what matters most: supporting injured workers and helping them move toward recovery." "Every year, our Excellence Awards recognize insurance organizations that are raising the bar for what technology can accomplish," said Jatin Atre, Chief Executive Officer of Insurity. "MEMIC is a great example of what happens when insurers take a deliberate approach to innovation and stay focused on the business outcomes that matter. The work its team has accomplished reflects the kind of forward-thinking leadership we celebrate through our Excellence Awards. We're proud to be part of that progress." To learn more about the Excellence in AI & Insurance awards, please contact [email protected]. About Insurity Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the U.S. and has more than 400 cloud-based deployments. Through its digital platform, deep domain expertise, and analytics offerings, Insurity empowers customers to optimize operations, support profitable growth, and deliver better policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit insurity.com. View source version on businesswire.com:

Insurance Journal
Sep 16th, 2026
People moves: Waddingham Joins MEMIC in NJ; RT Specialty Promotes O'Marra in NY.

People moves: Waddingham Joins MEMIC in NJ; RT Specialty Promotes O'Marra in NY. September 16, 2026 Waddingham Joins MEMIC Group as New Jersey Production Underwriter The MEMIC Group, headquartered in Portland, Maine, added Brandon Waddingham to its Northeast underwriting team as a production underwriter. Waddingham joins MEMIC with nine years of insurance experience. In his role, he partners with independent agents and brokers throughout New Jersey to evaluate new and renewal opportunities, underwrite and price accounts, and identify market opportunities that support profitable growth. RT Specialty Promotes O'Marra to Regional Director RT Specialty, the wholesale brokerage division of Ryan Specialty, promoted John O'Marra to regional director and appointed him to its executive leadership team. With more than two decades in the specialty insurance sector, O'Marra joined RT Specialty in 2011 and assumed the role of president of RT Specialty NY in July 2023. O'Marra remains president of RT Specialty's New York City office, leading one the firm's most successful property brokerage teams. Was this article valuable?

Insurance Journal
Aug 20th, 2026
People moves: MEMIC Group adds 2 to loss control team.

People moves: MEMIC Group adds 2 to loss control team. August 20, 2026 The MEMIC Group, headquartered in Portland, Maine, added Megan Vernon and Nikko Severson to its loss control team. Vernon rejoins MEMIC as a loss control consultant serving Maine policyholders and brings six years of experience in workplace safety and risk management. She previously served as a health and safety content specialist at Safesite, focused on digital safety management, as well as an operations specialist at Foresight Commercial Insurance. Severson joins MEMIC as a loss control consultant with more than a decade of experience in environmental health and safety. Based in Connecticut, he will work with policyholders across Connecticut, Rhode Island, and Massachusetts. Prior to joining MEMIC, Severson served as an environmental health and safety specialist and project manager. Was this article valuable? Interested in loss control? Get automatic alerts for this topic.

The MEMIC Group
Jul 15th, 2026
MEMIC expands Northeast underwriting team with new hire Sean Rutledge.

MEMIC expands Northeast underwriting team with new hire Sean Rutledge. July 15, 2026 | Corporate Portland, ME - The MEMIC Group, the third-largest multi-state workers' compensation specialist in the United States, welcomes Sean Rutledge to its Northeast underwriting team as a Production Underwriter. Based in Massachusetts, Rutledge will partner with agents and employers across Massachusetts, Rhode Island and Connecticut, specializing in small business accounts. Rutledge brings four years of industry experience, with a background spanning both claims and underwriting. He began his career at Travelers Insurance, spending a year in claims before moving into commercial lines underwriting, where he continued to grow his expertise over the next three years. "Sean brings a solid foundation in marketing and underwriting, along with valuable experience supporting agents," said E.K. Keller, Express Business Segment Leader. "He has built a reputation as a thoughtful, team-oriented professional and a trusted partner. Sean's openness, curiosity, and commitment to continuous learning reflect the values we prioritize at MEMIC, and we are pleased to welcome him to the team. We look forward to building success together." Rutledge holds a Bachelor of Science in Marketing from Bridgewater State University and completed Travelers' Underwriting Professional Development Program, further strengthening his technical knowledge and approach to underwriting. "I connect deeply with MEMIC's mission and values, and the opportunity to help grow its impact in the workers' compensation space made this an easy decision for me," said Rutledge. "I'm excited to be part of the team and contribute to the work we're doing." About The MEMIC Group The MEMIC Group includes MEMIC Indemnity Company, MEMIC Casualty Company, and its parent company, Maine Employers' Mutual Insurance Company. All companies are rated "A" (Excellent) by A.M. Best for financial strength and stability. MEMIC is licensed to write workers' compensation coverage across all 50 states. We partner with more than 22,000 employers and support approximately 1 million of their employees through proactive safety services and compassionate injury management. Our teams are committed to helping workplaces thrive, from Maine to Florida and beyond.

The MEMIC Group
Jun 23rd, 2026
MEMIC Strengthens IT and Underwriting teams with two industry veterans.

MEMIC Strengthens IT and Underwriting teams with two industry veterans. June 23, 2026 | Corporate Portland, ME - The MEMIC Group, the third-largest multi-state workers' compensation specialist in the United States, welcomes Nitin Raghuvanshi as Director of Software Engineering to its IT team and Jessica Miller as a Senior Production Underwriter to its Southeast Region underwriting team. Both bring more than a decade of experience in their respective fields. Nitin Raghuvanshi Strengthens MEMIC's Technology Capabilities Raghuvanshi has more than 20 years of experience driving largescale digital transformation initiatives within the insurance industry. He previously served as Senior Engineering Manager for Customer Engagement and Retention Platforms at Gartner. Prior to that, he held several senior roles at AXA XL and XL Catlin, including Delivery Lead, Application Development Manager, and Technical Lead. "We're excited to add Nitin to our team as we continue advancing our technology capabilities," said Karl Lagasse, Vice President of Business Technology. "He brings a strong track record of translating complex ideas into practical solutions, and his leadership will enable us to remain agile, forward-thinking, and focused on delivering meaningful outcomes for our policyholders and agents." Raghuvanshi holds a Master of Science in Information Technology and a Bachelor of Commerce. His professional certifications include Digital Transformation from MIT Professional Education, Databricks Fundamentals Accreditation, and Certified Scrum Product Owner (CSPO). "I look forward to partnering across the organization and leveraging my P&C IT leadership experience to help shape and execute MEMIC's enterprise IT strategy, while delivering innovative, AI-enabled capabilities that drive business success," said Raghuvanshi. Jessica Miller Fuels Growth and Underwriting Excellence in the Southeast Miller has more than 13 years of experience in commercial insurance underwriting and business development. Before joining MEMIC, Miller spent eight years as a Business Development Underwriter with ICW Group. She previously served as a Commercial Lines Underwriter with Auto-Owners Insurance. "We're pleased to welcome Jessica Miller to MEMIC," said Sunny Jarrard, Southeast Territory Manager. "Her enthusiasm, curiosity, and proven ability to build strong agency relationships will play a key role in our continued growth in the market." Miller earned a bachelor's degree in marketing and public relations from Bradley University and holds the Associate in Risk Management (ARM) designation. "I look forward to serving as a trusted workers' compensation resource, helping agency partners write new business, supporting our clients, and achieving long-term growth and success with MEMIC," said Miller. About The MEMIC Group The MEMIC Group includes MEMIC Indemnity Company, MEMIC Casualty Company, and its parent company, Maine Employers' Mutual Insurance Company. All companies are rated "A" (Excellent) by A.M. Best for financial strength and stability. MEMIC is licensed to write workers' compensation coverage across all 50 states. We partner with more than 22,000 employers and support approximately 1 million of their employees through proactive safety services and compassionate injury management. Our teams are committed to helping workplaces thrive, from Maine to Florida and beyond.

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