# Michael Bourque

> Michael P. Bourque is the president and CEO of The MEMIC Group, the Portland, Maine-based workers’ compensation insurer he joined in 1995. A former newspaper reporter and trade-association editor, he spent more than two decades leading MEMIC’s communications, marketing, government relations and community work before becoming the company’s second CEO in September 2017. His career is defined by an unusual operating method: ask basic questions, translate technical subjects into plain language and connect commercial growth to safer workplaces.

- **Role:** President and CEO at The MEMIC Group
- **Organizations:** The MEMIC Group, University of Maine Board of Visitors, FocusMaine, Maine State Chamber of Commerce, Maine Historical Society, United Way of Southern Maine, Children’s Museum and Theatre of Maine, American Association of State Compensation Insurance Funds
- **From:** Greenville, United States
- **Education:** Bachelor’s degree in Journalism, University of Maine, Leadership Maine program graduate, Maine Development Foundation
- **Known for:** Helped guide MEMIC’s development from a single-state carrier into a super-regional workers’ compensation specialist with policyholders across the country., Led MEMIC as it reached record written premium, policyholder surplus and total assets in 2023., During his CEO tenure through the company bio updated in March 2025, MEMIC issued more than $130 million in policyholder dividends.

## Career timeline

- **1989** — Graduated from the University of Maine with a bachelor’s degree in journalism and began his professional career as a newspaper reporter, including sports reporting in Alaska.
- **Early 1990s** — Worked at daily newspapers in Alaska and Maine, then became an editor at the American Association of Community Colleges in Washington, D.C.
- **1995** — Joined MEMIC, then a two-year-old Maine workers’ compensation company.
- **1995-2017** — Advanced through MEMIC and ultimately served as senior vice president for external affairs and corporate secretary, leading marketing, communications, government relations and community relations.
- **2017** — Became The MEMIC Group’s second president and CEO in September.
- **2022-2024** — Chaired the Human Capital Committee while serving on the board of the National Council on Compensation Insurance.
- **2025** — Served as chair of the University of Maine Board of Visitors and advocated for investment in Maine’s public university infrastructure.

## Achievements

- Helped guide MEMIC’s development from a single-state carrier into a super-regional workers’ compensation specialist with policyholders across the country.
- Led MEMIC as it reached record written premium, policyholder surplus and total assets in 2023.
- During his CEO tenure through the company bio updated in March 2025, MEMIC issued more than $130 million in policyholder dividends.
- Chaired the United Way of Greater Portland’s 2016 campaign, which raised more than $8 million.
- Received the Maine Public Relations Council’s Edward L. Bernays Award for career achievement in public relations in 2004.
- Received the Southern Maine Community Leadership Award from Day One in 2016.
- Received the University of Maine Alumni Association’s Rudy Vallée Award for community involvement in 2018.
- Received the American Red Cross Blood Service Award in 2018 for blood drives at MEMIC and in the community.

## Latest updates

- **2025-11** — MEMIC distributed $19 million in dividends to eligible Maine policyholders, bringing its cumulative dividends since 1998 to more than $389 million.
- **2025-04** — As chair of the University of Maine Board of Visitors and MEMIC CEO, Bourque submitted testimony supporting investment in Maine’s public university infrastructure.
- **2025-03** — MEMIC’s updated executive biography reported that the company had reached record written premium, policyholder surplus and total assets in 2023 and had issued more than $130 million in policyholder dividends during Bourque’s CEO tenure.

## Links

- Website: https://www.memic.com
- LinkedIn: https://www.linkedin.com/in/michaelbourque
- Twitter/X: https://twitter.com/memicnews
- YouTube: https://www.youtube.com/watch?v=W9cFiH8SZEM
- Facebook: https://www.facebook.com/MEMICnews/

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Profile page: https://yespress.io/michael-bourque
Published by YesPress — https://yespress.io
Last updated: 2026-09-27