MEMIC

MEMIC

Compassion, trusted partnerships, and relentless commitment to workforce safety

Founded 1993

Portland, United States 509 employees Series D Financial Services, Insurance

MEMIC is a super-regional workers’ compensation specialty insurer, providing coverage for over 20,000 employers and an estimated 300,000 employees. With an “A” (Excellent) rating from A.M. Best, the company has established itself as a leading carrier in the Northeast and is expanding its presence down the Eastern Seaboard. With offices in New Hampshire, Connecticut, New York, New Jersey, Pennsylvania, Virginia, Florida, and its headquarters in Portland, Maine, MEMIC boasts more than $1.4 billion in assets. Founded in 1993, the company operates in the Financial Services and Insurance industries. In 2018, MEMIC's written premium exceeded $400 million, showcasing a growth of over 5.5% from the previous year and a remarkable 70% increase over the past 5 years. The most recent milestone for MEMIC was the Series D investment led by OurCrowd on April 28, 2021. This funding round will likely facilitate further expansion and innovation in the company's relentless commitment to workforce safety.

Funding Stage	Amount	Investors	Lead Investors	Date
Series D	Undisclosed	1	OurCrowd	28 Apr 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Series D

Undisclosed

OurCrowd

28 Apr 2021

FAQ About MEMIC

Compassion, trusted partnerships, and relentless commitment to workforce safety

MEMIC was founded in 1993.

MEMIC is headquartered in Portland, United States.

MEMIC operates in Financial Services and Insurance. Its work centres on workers' compensation, regional insurer, workforce safety and A.M. Best rating.

MEMIC has approximately 509 employees.

MEMIC has completed 1 funding round. The latest funding stage is Series D.

Top alternatives and competitors to MEMIC include A.I.M. Mutual Insurance Companies, EML Group, The Beacon Mutual Insurance Company, Work Comp Associates, Inc., Cardinal Comp. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

MEMIC and A.I.M. Mutual Insurance Companies are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About MEMIC