MEMIC

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.