MIDDLETOWN – OceanPoint Insurance Agency announced last week that it has acquired Raymond Insurance of Coventry. Kim Raymond, principal of Raymond Insurance, has accepted the position of vice president of West Bay operations for OceanPoint.
The move will help OceanPoint expand its services in the West Bay area of Rhode Island, the company said in a statement.
Middletown-based OceanPoint Insurance Agency Inc. traces its roots to 1863, when it was founded as Packer Braman Agency. It’s currently a subsidiary of the Mutual Holding Co.
Raymond Insurance Agency was founded in 1999 at its current location in Coventry.
Terms of the deal were not immediately disclosed. •