OceanPoint Insurance, an RI insurance agency, offers insurance products from the top insurance carriers; and a range of financial services.
OceanPoint Insurance has received the ‘Lighthouse Award for Agency Excellence’ from the Beacon Mutual Insurance Company for the 2nd year in a row.
This award celebrates Beacon Mutual’s partnership with OceanPoint Insurance and recognizes the agency for demonstrating excellence in delivering Beacon’s workers’ compensation insurance coverage to Rhode Islanders businesses and their employees.
We want to give a big thank you to ALL employees of OceanPoint for continuing to provide high-quality service and expert advice to our customers and the insurance companies we serve.
John Kaull, Tom Regan, and Bob Cook represented OceanPoint at the award ceremony. A donation of $1000 has been made to the Elizabeth Buffum Chace Center by Beacon Mutual on behalf of the agency.
Effective January 31st, 2020, Ana, Susana, and Renee were promoted to Assistant Vice President in their disciplines, and we offer our congratulations and continued success at OceanPoint Insurance.
OceanPoint Insurance employees were able to raise a total of $1000 through their ‘Donations for Denim’ casual workday program. This initial funding was matched by Arbella Insurance to provide much needed funding for food programs in the local communities.
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.
“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.
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.
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.
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.
Vice President/Community Relations
BARRINGTON, 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.
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.”
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.
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.
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.
Vice President/Community Relations