Hilary Rapkin
Independent Board Director ★ M&A ★ Corporate Development ★ Corporate Governance ★ Human Capital Management
- Role
- Chairwoman Board of Directors at MEMIC
- Location
- Portland, ME, US
- LinkedIn followers
- 500 followers
Experience
Chairwoman Board of Directors
Jun 2016 — Present · Portland, ME, US
I serve on a board providing oversight for MEMIC, a Maine-based workers’ compensation company, including two subsidiaries operating outside the state, serving 500+ employees. Chair, Board of Directors (2023-Present)Chair, Executive Committee (2023-Present)Chair, Investment Committee (2023-Present)Member, Governance & Nominating Committee (2023-Present)Member, Compensation Committee (2019-Present)Chair, Audit Committee (20••••22)KEY ACHIEVEMENTS: Contributed to CEO transition strategy (2nd CEO since 1993). Advanced board maturity by instituting board structure and strategic planning. Refined mission, vision, and values. Pivoted strategy due to 19% pricing decrease in Maine. Adjusted strategic plan for sales and pricing. Achieved record surplus. Approved MEMIC’s first Risk Appetite Statement, oversight of actuarial analysis, financial and internal audit plans, anti-fraud, and state insurance examinations.
Education
University of Maine School of Law
Doctor of Law - JD
Bowdoin College
AB
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