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NEWS RELEASE

Middletown, RI – January 6, 2014

OceanPoint Insurance Agency has announced that it has acquired Raymond Insurance of Coventry, RI, to expand insurance services in the West Bay area.  Additionally, Kim Raymond, principal of Raymond Insurance, has accepted the position of Vice President of West Bay Operations for OceanPoint.

Recognizing the opportunity to join forces with Kim Raymond, who has a proven track-record in the insurance industry, Doug Mayhew, president and CEO of OceanPoint Insurance, said, “We are pleased to welcome Kim and Raymond Insurance to the OceanPoint team.  Kim is a dedicated insurance professional, who is very involved in her community; we look forward to working with her to strengthen our market share in the West Bay.”

Raymond is also pleased to join such a trusted and professional insurance agency: “OceanPoint Insurance has a tremendous reputation for customer service making this a very good fit for Raymond Insurance.  The clients of Raymond Insurance can also look forward to a greater selection of products and services offered through OceanPoint,” said Kim Raymond.

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 two full service offices located in Middletown and Barrington, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

For more information, visit www.oceanpointins.com.

About Raymond Insurance Agency

Raymond Insurance Agency was founded in 1999 at its current location in Coventry, Rhode Island. Kim Raymond has been a Certified Insurance Counselor since 1997 and is an active member of the insurance community, currently serving on the Board of the Directors of the Independent Insurance Agents of RI.

For more information, please visit www.raymondagency.com.

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