David Madara joins OceanPoint Insurance to lead expansion into non-profit sector

BARRINGTON, R.I. (August 1, 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.

Madara David.jpg

“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.