MEMIC News

People Moves: Allen Joins MEMIC Leadership Team; Bogdanovich Joins Alliant in Maine

MEMIC Names Allen Senior Vice President and Chief Human Resources Officer Michelle Allen joined MEMIC‘s senior leadership team as senior vice president and chief human resources officer. MEMIC is headquartered in Portland, Maine. Allen has worked in human resources since …

People Moves: Jaipuriyar and Kotlyar Join MEMIC IT Team

Jaipuriyar and Kotlyar Join MEMIC IT Team MEMIC, headquartered in Portland, Maine, has named two new information technology leaders. The company appointed Ruchir Jaipuriyar as vice president of information technology. Jaipuriyar most recently served as director of data services at …

People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters

WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two decades of insurance industry experience in …

People Moves: MEMIC Promotes Three Team Members to Key Director Roles

The MEMIC Group, headquartered in Portland, Maine, has promoted three veteran team members to key managerial roles. Janine Bard has been promoted to director of claims, Maine region. Bard started as a compensation specialist in 2002 before being promoted to …

People Moves: MEMIC Appoints Fongemie; Mulready Joins Hartford’s Navigators; Falcon Risk Hires 3 Leaders

Portland, Maine-headquartered MEMIC Group has appointed Eileen Moran Fongemie to the position of senior vice president and chief financial officer. Fongemie, who becomes only the third CFO in MEMIC history, will also assume the role of corporate treasurer. Fongemie succeeds …

People: Millers Mutual Promotes Hess, MEMIC Hires Three to Underwriting Team

Millers Mutual Insurance Promotes Hess to VP, Chief Information Officer Millers Mutual Insurance, a regional property/casualty insurance carrier, promoted Samuel Hess to vice president and chief information officer, effective immediately. As CIO, Hess will partner with Millers’ business units to …

Ratings Recap: Balboa, MEMIC, ALAS, Modern Woodmen, Seven Seas

A.M. Best announced that it has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Balboa Insurance Company, based in Irvine, Calif. and its wholly …

MEMIC Promotes Klatt to Loss Control Services Manager in Maine

Portland, Maine-based workers’ compensation carrier MEMIC has announced the appointment of Randy Klatt to the position of manager, loss control services.In his new role, Klatt will be responsible for supervising a team of Maine-based safety management specialists and professionals who …

MEMIC to Issue $16M in Dividends to Maine Policyholders

Workers’ compensation insurer The MEMIC Group announced this week that policyholders of its Maine-based company, Maine Employers’ Mutual Insurance Company (MEMIC), will receive dividend checks totaling more than $16 million this November, a record amount for the company. The announcement …

Maine-based Workers’ Comp Insurer MEMIC Announces Acquisition

Workers’ compensation insurer The MEMIC Group acquired a Vermont-based insurer. The insurer also said it plans to expand its operations in Pennsylvania and New Jersey in 2012. MEMIC purchased Granite Manufacturers Mutual Insurance Company in Vermont and will rename it …