Joins MEMIC After Serving as CIO of Montana State Fund
Portland, Maine — The MEMIC Group, a leading super-regional workers’ compensation insurer, is honored to welcome back Matt Coy as its new Chief Information Officer (CIO), succeeding Jack Yao, who retired at the end of 2025 after more than nine years of distinguished service.
As CIO, Matt will lead MEMIC’s technology strategy, oversee the maintenance and enhancement of its platforms, and ensure delivery of innovative IT solutions that align with MEMIC’s business goals.
Matt rejoins MEMIC after serving as CIO at Montana State Fund, where he led enterprise-wide modernization and strategic technology initiatives. His career includes senior leadership roles such as Vice President of Information Technology at MEMIC, Director of Application Development for Aetna, and key positions at Optum and Coventry Health Care.
“I’m honored to join MEMIC at an exciting time for the organization. MEMIC has a strong culture, a clear sense of purpose, and tremendous opportunity ahead. I look forward to working alongside the team to advance our technology capabilities and continue to deliver exceptional customer experience,” said Coy.
Holding an MBA from Westminster University and dual bachelor’s degrees in accounting and information systems & technology from Weber State University, Matt also earned the designation of Workers Compensation Professional (WCP®).
“We’re delighted to have Matt Coy rejoin The MEMIC Group as our Chief Information Officer. Matt’s proven expertise and strategic leadership will play a pivotal role in shaping our future as we strengthen our position as the third-largest workers’ compensation specialty insurer in the U.S.,” said Michael Bourque, MEMIC President & CEO.
Matt is deeply committed to purpose-driven work and brings a strong focus on customer experience, modernization, risk management, and long-term stewardship to this role.
