Broadening MEMIC's reach : Michael Bourque boosts insurer's footprint with major acquisition.

Renee Cordes

Source

Mainebiz

Date

3-23-2026

Pages

24-25

Abstract

Less than a decade after taking the helm of the MEMIC group in2017, President and CEO Michael Bourque expanded the company's footprint to the upper Midwest and the Great Plains by acquiring the South Dakota-based Dakota Group. The deal, completed in January, positions the Portland-based insurer as the nation's 3rd largest multi-state workers' compensation specialist. Bourque, an early-career journalist who joined MEMIC more than 30 years ago, now turns his focus to integration.

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