MEMIC Hires Newton, Cosey to Key Financial, Underwriting Roles

Portland, ME (WorkersCompensation.com) - The MEMIC Group, a workers’ compensation insurance specialty carrier with offices from Maine to Florida and licenses across the nation, has hired Bill Newton to serve as director of Financial Reporting and L.C. Cosey to serve as Small Business Express production underwriter for the Southeast Region.

Newton has more than 13 years of experience in accounting and finance roles, most recently reporting to the U.S. Securities and Exchange Commission on behalf of publicly traded companies. Newton also spent three years in financial accounting for an insurance company and three years in public accounting at Baker Newman Noyes, the Portland-based firm.

Newton holds a bachelor’s degree in business administration and master’s degree in accounting, both from the University of Maine. Newton lives in South Portland with his wife and son.

Cosey has more than a dozen years of experience in insurance underwriting, most recently as senior field underwriter for middle-market businesses at Builders Insurance Group of East Providence, R.I., where he wrote and renewed profitable target market business, prepared new and renewal proposals that assisted producers with account retention, managed and coached agents on appetite and submission requirements, reviewed new business submissions and made final risk acceptability and pricing decisions on all applicants within his authority. Cosey also served as director of sales and marketing for Smart Choice Agency in the Southeast, as senior underwriter in Georgia and Tennessee for Atlas General Insurance.

Cosey earned a bachelor’s degree in business administration and marketing from Indiana State University. He lives in Suwanee, Ga., with his family.

Share This Article: