Middletown, R.I.-based OceanPoint Insurance Agency announced that it has acquired Raymond Insurance of Coventry, R.I., to expand insurance services in the state’s West Bay area.
Kim Raymond, principal of Raymond Insurance, has accepted the position of vice president of West Bay operations for OceanPoint. Raymond Insurance Agency was founded in 1999 at its current location in Coventry, R.I.
Tracing its roots back to 1863, OceanPoint Insurance Agency provides a broad range of property/casualty insurance products, in addition to a wide array of financial services. Along with BankNewport, OceanPoint Insurance Agency is a subsidiary of the Mutual Holding Company, OceanPoint Financial Partners, MHC.