MEMIC Promotes Schwartz to Vice President, Underwriting Compliance

PORTLAND, Maine, July 11, 2017 – Workers' compensation specialist The MEMIC Group has announced the promotion of Karen Schwartz to the position of vice president, underwriting compliance. She is responsible for leading the underwriting regulatory compliance and quality assurance teams across the group’s entire footprint.

Schwartz joined MEMIC in 2002 as an underwriter and was promoted to director of compliance in 2004. Prior to MEMIC, she was a program manager at Safeco Insurance, an account administrator at the insurance brokerage firm Parker, Smith & Feek and an analyst at the National Council on Compensation Insurance (NCCI).

Schwartz graduated with a Bachelor of Business Administration degree from Hofstra University. She has earned her Chartered Property Casualty Underwriter (CPCU), Workers' Compensation Professional (WCP®), Associate Compliance Professional (ACP), Associate in Risk Management (ARM) and Accredited Advisor in Insurance (AAI) designations.

Schwartz has volunteered with animal welfare organizations and as treasurer for the Cosmopolitan Club of Bath which has been committed to inspiring and encouraging women’s aspirations since 1913. Originally from Connecticut, Schwartz currently lives in Woolwich, Maine with her husband and two greyhounds.


A super-regional workers’ compensation specialty insurer rated “A” (Excellent) by A.M. Best, The MEMIC Group insures more than 20,000 employers and their estimated 300,000 employees. Licensed across the country with more than $1.2 billion in assets, The MEMIC Group is a leading carrier in the Northeast with a growing profile across the Eastern Seaboard. Offices are located in New Hampshire, Connecticut, New York, New Jersey, Pennsylvania, Virginia and Florida, in addition to the headquarters in Portland, Maine. In 2016, The MEMIC Group wrote more than $340 million in premium, a growth of 11% from 2015 and part of a 70% increase over the past 5 years.