Acquisition to position MEMIC as third largest multi-state workers’ compensation specialist  

PORTLAND — Workers’ compensation specialist The MEMIC Group, led by parent company Maine Employers’ Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group®, including Risk Administration Services, Inc. and its four affiliated insurance services companies.

The combining of the companies will make The MEMIC Group the third largest multi-state workers’ compensation specialist in the U.S. with estimated combined 2025 writings of more than $600 million and coverage for more than 25,000 employers nationwide. Both The MEMIC Group and The Dakota Group are rated A (Excellent) by A.M. Best.

This acquisition includes the purchase of The Dakota Group’s subsidiary-affiliated se

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