Eileen Fongemie Named 2024 Women to Watch Honoree by Business Insurance

(Portland, Maine) – Eileen Fongemie, Chief Financial Officer of The MEMIC Group, has been named a recipient of the prestigious 2024 Women to Watch award, presented by Business Insurance.

Fongemie was recognized at the Business Insurance Women to Watch Awards and Leadership Conference in New York City for her exceptional leadership and expertise in the insurance industry.

"Eileen brings remarkable strategic insight and energy to her role,” said Michael Bourque, CEO and President of The MEMIC Group. “Her leadership has been transformative, elevating our organization far beyond the financial areas that she leads."

Since joining MEMIC in 2007 as a Senior Accountant, Fongemie has advanced through multiple leadership roles, becoming Senior Vice President, Chief Financial Officer, and Treasurer in May 2022. Throughout her journey, Eileen has not only excelled in her responsibilities, but also championed the mentorship and development of female leaders at MEMIC.

Kaila McCracken, Director of Financial Planning praised Fongemie’s impact, stating, "Eileen has been the catalyst for so much of my success at MEMIC. Her mentorship has been paramount to my career development—I couldn't have done it without her, and I wouldn't have wanted to.”

The Business Insurance Women to Watch Awards honored thirty outstanding women in commercial insurance and risk management. Fongemie’s recognition reflects not only her individual accomplishments but also MEMIC’s commitment to fostering talent and advancing women’s leadership in the industry.

For more information about MEMIC and its commitment to leadership and innovation in the workplace, visit www.memic.com.

The MEMIC Group includes MEMIC Indemnity Company, MEMIC Casualty Company, and its parent company, Maine Employers’ Mutual Insurance Company. All companies are rated “A” (Excellent) by A.M. Best for financial strength and stability.

MEMIC is licensed to write workers’ compensation coverage across all 50 states. We partner with more than 22,000 employers and support approximately 1 million of their employees through proactive safety services and compassionate injury management. Our teams are committed to helping workplaces thrive, from Maine to Florida and beyond.

In January 2026, The MEMIC Group acquired The Dakota Group® including Risk Administration Services Inc. Go to the full press release to learn more.

For more information, visit www.memic.com.