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

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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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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arbella-foundation

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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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.

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.

 

 

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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BankNewport  President and CEO, Sandra J. Pattie announced plans to open a new branch office in the first floor space of Building 4000 at Chapel View in Cranston in September 2016.

BankNewport has signed a 15-year lease for the new 2,700-square-foot branch at Chapel View. Located at the main entrance off of Sockanosset Cross Road and adjacent to Panera Bread, the branch will offer easy access for customers.

“BankNewport’s new Chapel View branch will provide added convenience to area customers, residents, commuters, and businesses to access our full range of financial services, delivered by a local team that they know and trust,” stated Sandra Pattie.

The new branch will operate with the universal banker model.  Bankers will be versed to assist customers with teller transactions, product sales, and servicing. Technology will be utilized to streamline transactions and enhance the customer experience in order to allow universal bankers, mortgage loan officers, and business development officers to focus on having conversations with customers to address individual needs and provide tailored solutions.  Easy to navigate electronic tools will allow customers the ability to set up online and mobile banking accounts at the branch.  The branch will also have an image-enabled ATM in the lobby and an outside drive-up ATM.

Pattie added, “There’s genuine excitement about our new branch at Chapel View and we look forward to continuing our role as a true community partner and neighbor to the residents and businesses of Cranston and surrounding communities.”

BankNewport, founded in 1819 and currently holding $1.4 billion in assets, is an FDIC-insured savings bank and is a subsidiary of OceanPoint Financial Partners, MHC (Mutual Holding Company). BankNewport is proud to serve the financial needs of individuals and businesses from 15 banking offices located throughout Rhode Island.

 

NEWS RELEASE

Coventry, RI – January 13, 2015

In an effort to offer enhanced service to its clients, OceanPoint Insurance announced the opening of its newest location within the BankNewport branch located at 730 Centre of New England Boulevard in Coventry, RI.

The opening of OceanPoint’s third location provides its clients with additional insurance and financial service options at a more convenient location for residents living in the West Bay.

Kim Raymond, former principal of Raymond Insurance and current Vice President of West Bay Operations for OceanPoint, will manage the new office.

“I am pleased that our Coventry location has officially opened its doors,” said Doug Mayhew, OceanPoint President and CEO. “From our three locations in the West Bay, East Bay, and greater Newport, we can better service our growing client base throughout Rhode Island.”

“There’s genuine excitement that our business partner, OceanPoint Insurance, has opened its newest location within our Coventry branch facility,” stated BankNewport President and CEO, Sandra J. Pattie. “We’re confident that the residents and businesses of Coventry and the West Bay will benefit by our team approach and solid reputation – OceanPoint and BankNewport are both Rhode Island based businesses offering a wide array of products, exceptional expertise and unparalleled service.”

President Pattie added, “Our partnership demonstrates a continued investment in our communities, in our employees and in our respective businesses.”

Hours for the new location will be Monday through Friday, 8:30 a.m. – 5:00 p.m., and evenings and Saturday by appointment. To make an appointment, or for further information, contact Kim Raymond at kraymond@oceanpointins.com, call 401.826.3366, or visit www.oceanpointins.com.

About OceanPoint Insurance

Headquartered in Middletown, Rhode Island, OceanPoint Insurance Agency, Inc. provides a broad range of property casualty insurance products, in addition to a full array of financial services. Along with BankNewport, OceanPoint Insurance Agency, Inc. is a subsidiary of the Mutual Holding Company, OceanPoint Financial Partners, MHC. Tracing its roots back to 1863, OceanPoint Insurance Agency, Inc. is proud to serve the insurance needs of clients from three full service offices located in Middletown, and Barrington, and Coventry, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

For more information, visit www.oceanpointins.com.

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OceanPoint Insurance and The Selective Insurance Group Foundation Collaborate to Provide Matching Grants

Middletown, RI (July 17, 2014) – OceanPoint Insurance and The Selective Insurance Group Foundation joined forces to support the positive efforts of The Boys and Girls Club of Newport County, Inc through a $1,000.00 grant.

“Through the variety of programs the Boys and Girls Club offers, they are able to provide critical services to children, teens, adults and families in our community. OceanPoint Insurance Agency is pleased to support The Boys and Girls Club and their mission,” said John Kaull, Vice President, Commercial Lines, OceanPoint Insurance.

The grant represents a $500.00 donation from OceanPoint Insurance matched by a $500.00 grant from The Selective Insurance Group Foundation.

“The Matching Grant program allows us to partner with our agents to support the needs of the communities we serve,” said Chuck Musilli, Senior Vice President, Chief Field Operations Officer for Selective.

John Kaull presented the check to Joseph Pratt, Executive Director & CEO of the Boys and Girls Club of Newport County, at their club located at 95 Church Street, Newport, RI 02840.

About OceanPoint Insurance Agency

OceanPoint Insurance Agency, Inc: Headquartered in Middletown, Rhode Island, provides a broad range of property casualty insurance products, in addition to a full array of financial services. Along with BankNewport, OceanPoint Insurance Agency, Inc. is a subsidiary of the Mutual Holding Company, OceanPoint Financial Partners, MHC. Tracing its roots back to 1863, OceanPoint Insurance Agency, Inc. is proud to serve the insurance needs of clients from three full service offices located in Middletown, Barrington, and Coventry Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England. For more information visit www.oceanpointins.com.

About The Selective Insurance Group

Selective Insurance Group, Inc. is a holding company for ten property and casualty insurance companies rated “A” (Excellent) by A.M. Best.  Through independent agents, the insurance companies offer primary and alternative market insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program.  Selective maintains a website at www.selective.com.

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OceanPoint Insurance Agency and BankNewport invite the community to join us this summer to show support for the Rhode Island Community Food Bank in its efforts to provide food for local children in need.

Beginning Monday, July 7 through Saturday, July 19, all OceanPoint and BankNewport locations will be collection locations for community donations of “kid friendly” food items, including breakfast cereal, granola bars, canned/bagged pasta meals, mac’n’cheese and peanut butter. All items are non-perishable and are not limited to specific brand names.

During the school year, children have access to healthy and nutritious meals, but that comes to a harsh halt when summer vacation begins. We are excited to be able to make an impact to improve the lives of many children this summer.

Spread the word about our food drive with your family and friends – all food donations will truly make a difference!

Click Here to download the flyer.

Click Here to download the shopping list.

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