OceanPoint Insurance, an RI insurance agency, offers insurance products from the top insurance carriers; and a range of financial services.

OceanPoint Insurance Announces Addition of Paquin Insurance Agency

MIDDLETOWN, R.I. (April 2, 2019) — Paquin Insurance Agency has joined OceanPoint’s growing organization in Rhode Island.  Agency Principal Rick Paquin has accepted a position as Vice President for OceanPoint, and he and his brother, Greg, will continue to serve the local community from their office in Tiverton.

Doug Mayhew, President, and CEO of OceanPoint Insurance, described the recent agreement as mutually beneficial for both agencies. “Clients have placed their trust in Paquin Insurance for over 50 years. At OceanPoint Insurance, we respect that reputation and look forward to continuing their legacy of delivering quality service and products to residents and businesses throughout the community,” said Mayhew.

“When we learned that OceanPoint was looking to expand in the region, it made sense to join an organization that shares our values and can provide additional options for our personal and business customers,” said Rick Paquin, who has overseen Paquin Insurance with his brother, Greg, since they began managing the family business in 1998. 

All seven employees, including Rick and Greg, will remain at the 651 Main Road office location in Tiverton. 

About OceanPoint Insurance 

OceanPoint Insurance Agency, Inc., is a Trusted Choice independent insurance agency that provides a broad range of property casualty insurance products and a full array of financial services. A subsidiary of BankNewport and OceanPoint Financial Partners, MHC., OceanPoint Insurance can trace its roots back to 1863 and is one of the largest independent insurance agency operations in southeastern New England. With locations in Middletown, Barrington, Coventry, Providence and Tiverton, OceanPoint Insurance is positioned to meet the growing insurance needs of clients throughout the region. For more information, visit www.OceanPointIns.com.

About Paquin Insurance Agency

Paquin Insurance Agency has provided insurance products for Rhode Island and Massachusetts clients for over 50 years. The agency offers a wide range of insurance including auto, home, business, and life insurance lines that are tailored for every client’s specific needs. Representing a variety of insurance providers, Paquin Insurance is positioned well to help clients find comprehensive insurance products at affordable rates. More information is available at www.paquinagency.com. 

 

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Annual United Way of Rhode Island Campaign

“Without a sense of caring, there can be no sense of community.”
-Anthony J. DeAngelo.

At OceanPoint Insurance we value our community and are committed to the well being of its members. That is why we are thrilled to partner with our parent company, BankNewport, and announce our annual United Way of Rhode Island (UWRI) Campaign. Our employees will once again participate in “hands-on” projects to support our community. This year marks BankNewport’s 200th anniversary, and in recognition of this tremendous achievement, we are honoring our Veterans and their families.

Employee volunteers will be working from October 11-31st to ‘lend a hand’ in making:

No-Sew Fleece Blankets
Our employee volunteers are making colorful, warm, no-sew fleece blankets to be donated to Veterans and children of military families. The bright, fringed and knotted blankets will provide warmth and comfort and are a beautiful act of kindness.

Build-A-Teddy-Bear
Nothing relieves stress and brings a smile to one’s face as quickly as a stuffed animal. Our employee volunteers are stuffing cuddly, honey-colored teddy bears along with their best wishes. Veterans, military personnel and families of active duty military can all use a message of kindness, a small but present reminder of the thanks that exists for their service; all conveyed in this precious handmade bear.

These items will be donated to the Rhode Island National Guard Family Assistance Center, Rhode Island Veterans’ Home Community Living Center, and Dare to Dream Ranch, Military Retreat.

A Million Thanks
Our active duty and retired military personnel deserve our gratitude and thanks for working tirelessly to protect our freedom. Our employees are sending messages of support and thanks to active, reserve and veteran military by creating cards of encouragement for our service members.

We want to extend our thanks to our employees who work daily to make our community a better place.

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BankNewport Kicks-Off $200,000 “We’re All In” Giving Program During 200th Anniversary

BankNewport200

In honor of its two centuries of philanthropic commitment to Rhode Island, Bank making 200 ‘hyper-local’ donations available to nonprofits and community groups across the state

NEWPORT, R.I. (November 1, 2018) – While much has changed since BankNewport first opened its doors in 1819, its commitment to giving back to the community has not only withstood the test of time, it has deepened with the passing of each year across two centuries.

In honor of BankNewport’s 200thanniversary and its dedication to philanthropy, the Bank today announced the launch of a special “We’re All In” giving program, making $200,000 in charitable grants available to nonprofits and community groups across the state.

Through “We’re All In,” BankNewport is extending 200 ‘hyper-local’ donations, each in the amount of $1,000, in support of community projects geared toward making a positive impact in the lives of residents. Among the types of projects that will be considered for funding are communal vegetable gardens, the beautification of community space, supplies for youth programs and projects, scoreboards for youth sports, in addition to other initiatives.

The program provides BankNewport the unique opportunity to support smaller groups and projects that might not ordinarily qualify for funding based on the Bank’s giving guidelines.

“Being active in our community and giving back has served as the foundation of BankNewport since our founding two-hundred years ago,” said Sandra J. Pattie, President, and CEO, BankNewport. “We could not be more excited about this special giving program and the potential to make a difference in each and every Rhode Island community – I cannot wait to see the projects this opportunity will present.”

Funding requests for the “We’re All In” giving program may be submitted through an online application or a downloadable PDF application beginning November 1 at https://www.banknewport.com/200.

Eligible applicants must be Rhode Island-based 501c3 or tax-exempt nonprofit organizations. Applications will be reviewed and approved by BankNewport on a rolling basis, and the program will conclude once 200 donations, totaling $200,000, have been approved. Donations will not be considered for individuals without an organizational affiliation; state or local government entities; political activities; parent-teacher organizations; travel or transportation costs for conferences/competition/tournaments; or for entry fees for individuals or teams.

Questions regarding the “We’re All In” giving program may be directed to BankNewport at (401) 845-8673. 

About BankNewport

Founded in 1819 and headquartered in Newport, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island.  In addition, OceanPoint Insurance Agency, Inc., a subsidiary of BankNewport, offers a broad range of property casualty insurance products and a full array of financial services.  With 16 banking offices and $1.6 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees and communities. For more information, visit www.BankNewport.com.

Contact

Kathleen Charbonneau
Vice President/Community Relations
(401) 845-8673
Kathleen.Charbonneau@banknewport.com

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David Madara joins OceanPoint Insurance to lead expansion into non-profit sector

David Madara joins OceanPointBARRINGTON, R.I. (July 26, 2018) — OceanPoint Insurance Agency has named David J. Madara as its Client Relationship Manager, a position where he will bolster efforts to expand the agency’s foothold in the non-profit human services sector.

“David’s managerial experience and impressive track record of keeping clients satisfied along with his in-depth understanding of industry strategies will serve OceanPoint Insurance well,” said Doug Mayhew, President of OceanPoint Insurance. “We are confident he has the skills and expertise needed to help our agency become the region’s leading insurance provider for non-profit organizations.”

With more than 30 years of experience in the insurance industry, Madara was most recently the Chief Operating Officer at an insurance and financial services firm in southeastern Massachusetts where he led a team of nearly two dozen insurance agents and streamlined office operations. He also held managerial roles at a local insurance agency and with the Professional Insurance Agents Association and was president of The Madara Company Inc., a third-generation family agency that was founded by his grandfather.

Most recently, Madara volunteers actively with the American Red Cross Disaster Services, the Boy Scouts of America, and his faith organization. “Serving as risk management advisor to human service organizations is what drives me. If I can pass insurance understanding and advice forward to help my clients deliver on their mission more effectively, I will continue to make a difference for my community,” Madara said.

While his recent focus has been in the nonprofit and human services sector, Madara has served clients in healthcare, life sciences, construction, restaurant, technology, cultural arts and manufacturing industries. Additionally, he is well-equipped to help clients from various industries through his professional designations as a Chartered Property Casualty Underwriter (CPCU), Accredited Advisor in Insurance (AAI) and a Construction Risk Insurance Specialist (CRIS).

Madara started his new position in June and is optimistic about the agency’s future in the sector. “I’m looking forward to securing reliable products for companies dedicated to the public good and helping OceanPoint Insurance establish itself as the premier destination for risk management and all insurance-related needs.”

Madara resides with his wife, Lisa, in Westport Point, Mass, and he has two grown daughters.

About OceanPoint Insurance Agency
OceanPoint Insurance Agency, Inc., is a Trusted Choice independent insurance agency that provides a broad range of property casualty insurance products and a full array of financial services. A subsidiary of BankNewport and OceanPoint Financial Partners, MHC., OceanPoint Insurance can trace its roots back to 1863 and is one of the largest independent insurance agency operations in southeastern New England. With locations in Middletown, Barrington, North Kingstown, and Coventry, OceanPoint Insurance is positioned to meet the growing insurance needs of clients throughout the region. For more information, visit www.OceanPointIns.com.

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The Main Street America Group Shine A Spotlight On OceanPoint Insurance

OceanPoint Insurance is honored to be recognized by The Main Street America Group (MSA) for the company’s performance in Rhode Island and Southern New England. The Main Street America Group’s (MSA) 2017 Annual Report (see image below) ‘Delivering On Mainstreet’ shows that OceanPoint contributed to MSA’s 25% growth in personal insurance products in the New England Region!

OceanPoint has been writing personal and commercial insurance policies for MSA since 1995. Our strong partnership allows us to meet and exceed the needs of our clients.

In the annual report, OceanPoint’s President, Doug Mayhew, said “Main Street America’s 100% commitment to independent agents and Trusted Choice® as a whole is a key driver in our desire to partner with your organization [MSA]. Several years back, we were struggling to build our business with Main Street America but with the dedicated efforts from our field marketing representative Laurie Vario, as well as excellent teamwork from our personal and commercial underwriters, we have built a relationship that is meaningful to our agency and ranks amongst the best. A wide range of personal and commercial products, competitive pricing and responsive underwriting compliment our agency growth initiatives effectively.”

Main Street America Shines Spotlight ON OceanPoint Insurance

About The Main Street America Group

The Main Street America Group started in 1923 with the founding of National Grange Mutual Insurance Company (NGM), which was created to provide affordable insurance coverage to Grange Fraternity members in New Hampshire. In 2005, the mutual insurance company became NGM Insurance Company with the conversion to a mutual holding company structure and the formation of Main Street America Group Inc.

Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance, and fidelity and surety bond products to “Main Street” individuals, families and businesses. A.M. Best Company rates Main Street America as an “A” (Excellent). Main Street America is the founding company partner of Trusted Choice®, the global branding program of the Independent Insurance Agents & Brokers of America.

Through the following eight property-casualty insurance carriers, Main Street America partners with more than 3,000 independent agents to provide superior, personal service to more than 650,000 policyholders:

NGM Insurance Company
NGM Insurance Company, a Florida-domiciled stock insurance company, is Main Street America’s flagship carrier. A complete line of personal and commercial products and services are written with NGM for Main Street Americans throughout New England, the Northeast, Mid-Atlantic, Southeast and Southwest and West.

Old Dominion Insurance Company
Personal and commercial products in Georgia, as well as commercial products in Florida, are written with the Old Dominion Insurance Company. In addition, Main Street America’s Personal Auto MVP (Multivariate Program) rating model is written with Old Dominion in many of the states where the pricing model is offered.

Austin Mutual Insurance Company
Austin Mutual, an affiliate of Main Street America, provides personal and commercial products in 19 Midwest and Western States.

Grain Dealers Mutual Insurance Company
An affiliate of The Main Street America Group, personal and commercial products are written through Grain Dealers Mutual in Indiana, Mississippi, North Carolina, Oklahoma, Tennessee and Virginia.

Main Street America Assurance Company
Property and casualty insurance business in 16 of Main Street America’s states is written with Main Street America Assurance Company.

MSA Insurance Company
Excess and surplus lines insurance for Florida commercial insureds is written through MSA Insurance Company, a South Carolina-domiciled stock insurance company.

Spring Valley Mutual Insurance Company
Spring Valley Mutual, an affiliate of Main Street America, provides homeowners and farm owners coverages in Minnesota.

Main Street America Protection Insurance Company
Main Street America Protection has been licensed in Florida to provide commercial lines products in the Sunshine State.

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BankNewport Announces Purchase Of Offshore Financial

NEWPORT, RI  (April 2, 2018) – BankNewport announced today that it has purchased the assets of Offshore Financial Corporation, a marine service company specializing in personalized marine financing programs.  Offshore Financial will operate as a Marine Lending Division of BankNewport.

Founded in 1989, Offshore Financial provides tailored finance programs for new and used boat purchases and refinancing options for existing boat loans.  The transition of Offshore Financial from a privately owned boat loan origination company to BankNewport expands the resources, products, and services available to Offshore Financial clients, including marine-related insurance products and banking products.

“Expansion of our marine lending activities presents a strategic growth opportunity for BankNewport,” stated BankNewport Executive Vice President, Chief Operating Officer, Leland R. Merrill.  “The Offshore Financial acquisition provides an immediate leadership position for the Bank, in a key sector of the recreational boating industry, and creates significant value for BankNewport and Offshore customers.”

In addition to its own lending capabilities, Offshore Financial works with a variety of national marine lending institutions which enhances their capacity to offer competitive rates, flexible terms, and specialized attention throughout the boat financing process.

Offshore Financial will retain its long-standing presence in Bay Head, New Jersey, along with offices in the tri-state area of New York, New Jersey, and Connecticut, in Florida, and now in Rhode Island.

BankNewport’s Marine Lending Division will be led by Austin Sedicum, Vice President, Director of Marine Lending.  With over 40 years of extensive experience in the marine and specialty lending arenas, Sedicum joins BankNewport from GCF Bank in Sewell, New Jersey, where he developed and managed their marine and specialty lending division.

Along with Austin, the Offshore Financial team members will be welcomed into the BankNewport and OceanPoint Insurance employee family.

Merrill continued, “BankNewport’s new Marine Lending Division is a continued investment in our business and we’re excited to capitalize on the opportunities our collective talents will bring in delivering an even stronger marine financing experience.”

About Offshore Financial

Offshore Financial Corp., a marine service company specializing in boat loan originations was founded by Bernadette Horvath and Matt Bartosh in 1989.  In March of 2018, Offshore Financial became a Division of BankNewport.  The transition of Offshore Financial from a privately owned boat loan origination company to Bank ownership vastly expands the resources, products, and services available to Offshore Financial customers.   In addition to its own lending capabilities, Offshore Financial works with a variety of national marine lending institutions to give Offshore Financial as much horsepower and flexibility as possible to meet your boat financing desires.

About BankNewport

Founded in 1819 and headquartered in Newport, Rhode Island, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island.  With 15 banking offices and $1.5 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees, and communities.

About OceanPoint Insurance Agency

Headquartered in Middletown, Rhode Island, OceanPoint Insurance Agency, Inc., a BankNewport subsidiary, is a Trusted Choice independent insurance agency providing a broad range of property casualty insurance products, including all types of marine-related insurance products.  Tracing its roots back to 1863, OceanPoint Insurance is proud to serve the needs of clients from four full-service offices located in Middletown, Barrington, North Kingstown and Coventry, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

Contact: 

Kathleen Charbonneau

Vice President/Community Relations

401.845.8673

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OCEANPOINT INSURANCE CONTRIBUTES TO HUNGER RELIEF PROGRAM

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Arbella Insurance Foundation’s

“Let’s Drive Out Hunger” initiative celebrates its 10th year

OCEANPOINT INSURANCE CONTRIBUTES TO HUNGER RELIEF PROGRAMMIDDLETOWN, RI – April 2nd, 2018 – OceanPoint Insurance Agency today announced it has donated $500 to East Bay Community Action Program (EBCAP) as part of the Arbella Insurance Foundation’s Let’s Drive Out Hunger program. Along with OceanPoint Insurance, the Arbella Insurance Foundation donated $1,000 to bring the total donation to $1,500

Now in its 10th year, Let’s Drive Out Hunger aims to alleviate the prevalent issue of food insecurity in New England.  The Arbella Insurance Foundation collects contributions from any of Arbella Insurance’s nearly 500 partner independent agents and matches each donation on a two-to-one basis – up to $1,000 per agency. Over the past nine years, the Arbella Insurance Foundation and independent agents have contributed more than $940,000 to more than 400 emergency food programs, soup kitchens, food pantries and homeless shelters throughout New England. This year, the program aims to exceed its $1 million goal of giving.

“According to 2016 data from the U.S. Department of Agriculture (USDA), 41.2 million people across the country live in food-insecure households—that number is staggering,” said OceanPoint Insurance President and CEO, Douglas Mayhew.  “Hunger is a persistent issue in so many communities, thus OceanPoint Insurance is very proud of our donation to EBCAP’s “Fill the Pantries” campaign to help individuals and families overcome food insecurity.”  EBCAP food pantries are located at 1048 Stafford Road in Tiverton, 100 Bullocks Point Avenue in East Providence and 19 Broadway in Newport.  Mayhew continued, “We encourage other local businesses to support the tireless efforts of local food pantries to ensure food is available for all neighbors in need.”

The severity of hunger continues to affect thousands of families across New England. According to the USDA, 13 percent of households in Connecticut and more than 10 percent in New Hampshire suffer from hunger and food insecurity. Fifty-six thousand families in Rhode Island lack adequate food. In Massachusetts, research shows that almost 10 percent of households struggle to find and provide healthy meals.

“The Arbella Insurance Foundation is dedicated to fighting hunger in the local communities we serve,” said John Donohue, chairman, president and CEO of the Arbella Insurance Group and chairman of Arbella’s Foundation. “As we celebrate the 10th anniversary of our Let’s Drive Out Hunger program, we’re thrilled to be quickly nearing our goal of raising one million dollars; but we couldn’t do it without our independent agents. We’re so proud of the wonderful work they’re doing to drive out hunger and we’re dedicated to supporting them by maximizing their contributions to help local families in need.”

About OceanPoint Insurance Agency

Headquartered in Middletown, Rhode Island, OceanPoint Insurance Agency, Inc., a BankNewport subsidiary, is a Trusted Choice independent insurance agency providing a broad range of property casualty insurance products, including all types of marine-related insurance products.  Tracing its roots back to 1863, OceanPoint Insurance is proud to serve the needs of clients from four full-service offices located in Middletown, Barrington, North Kingstown and Coventry, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

About the Arbella Insurance Group and the Arbella Insurance Foundation

Established in 1988, the Arbella Insurance Group (www.arbella.com) is a company with more than $800M in revenue with approximately $1.5B in assets, headquartered in Quincy, Massachusetts. Arbella is a customer-focused regional property and casualty insurance company, providing personal and business insurance in Massachusetts and Connecticut, and business insurance in Rhode Island and New Hampshire. Arbella Insurance Group founded the Arbella Insurance Foundation in 2004. The mission of Arbella’s Foundation is to engage in activities and to support not-for-profit organizations that have a significant positive impact on the people and communities served by Arbella.

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For more information:

Kathleen Charbonneau

Vice President/Director of Community Relations

BankNewport (401) 845-8673

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OceanPoint Recognized As AFLAC CT/RI’s Top Producing Broker

On January 26th, 2018, at the Downtown Hartford Marriott, AFLAC (Connecticut and Rhode Island) presented OceanPoint Insurance with the prestigious Top Producing Broker Award for the agency’s 2017 sales performance.

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Employees Share Gift of Warmth and Reading for Local Youth

Employees of  OceanPoint Insurance Agency and BankNewport (OPIA) recently created 60 youth literacy kits and 60 no sew fleece blankets in partnership with the United Way of Rhode Island.  The service projects were part of the Bank and OPIA’s annual workplace giving campaign in support of the United Way.

The youth literacy kits included a Clifford book by Norman Bridwell and an assortment of “add on projects” for each child, including a Clifford sock puppet, a bookmark, crayons and coloring worksheets, and a backpack tag.  The kit was designed to deepen children’s reading experience by bringing books to life.  The “‘no sew” blankets were made by cutting and knotting the fringe of colorful fleece fabrics, to provide a child with sense of security and a cozy reminder that someone cares.

Three local agencies were the beneficiaries of the literacy kits and blankets:  Comprehensive Community Action Program’s Head Start Program in Cranston, Westbay Community Action Program’s Children’s Center in Warwick, and the Women’s Resource Center of Newport and Bristol Counties. BankNewport and OPIA employees delivered 20 blankets and 20 literacy kits to each organization for their youth clients and families to enjoy.

 

 

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Kind Heart, Fresh Start Collection to Benefit Local Shelters

The community is invited to join BankNewport and OceanPoint Insurance this summer to support local shelters by donating personal care items during the “Kind Heart, Fresh Start” collection drive.

Starting Monday, August 1 through Monday, August 15, all BankNewport and OceanPoint locations will be accepting community donations of toiletry items, including bars of soap, travel size shampoo, tooth brushes, toothpaste and deodorant.

Toiletries gathered during the two-week collection period will benefit the following five local shelters: Good Neighbors (Turner Avenue, Riverside), Harrington Hall (Howard Avenue, Cranston), Lucy’s Hearth (West Main Road, Middletown), McKinney Cooperative Shelter (Meeting Street, Newport), and Welcome House of South County (North Road, Peace Dale).

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