Insurance intermediary group Howden Ireland has agreed terms to acquire Roban Insurances Ltd, trading as Roban Financial Enniscorthy, Co. Wexford.

The deal for Roban is the latest in a string of acquisitions by Howden, which has plans to establish an office in every main town in Ireland.

Since its inception in 2019, Howden has grown to more than 500 employees in 27 local offices across the country.

If the deal is completed, Roban would be the fourth company taken over by Howden this year following deals for Keane Pension & Investment Consultants, Alliance Insurance Brokers and John A. O'Sullivan Insurances.

Operating since 1984 and led by managing director Myles Roban, Roban Financial specialises in financial planning and wealth management services.

If cleared, the deal will give Howden's south-east client base access to financial advisory and insurance services.

“This is a very exciting time for us in Howden to have Myles and his impressive team join us on our journey to deliver a unique service offering to corporate, commercial and individual clients," said Dermot Gaskin, managing director of Howden Ireland.

"They will help us deliver our promise to bring a full spectrum of Financial Advisory Services and insurance offerings to clients right across the country and in this case, to our clients in the South- East. We look forward to working with Myles and his team.”

Myles Roban commented: "In today’s world, clients demand more from financial advisors, and being part of Howden allows us to deliver an extensive range of services to our clients and prospects.

"Already with a significant presence in Wexford and surrounding counties, this is a very positive enhancement for our business and our employees but especially our clients.

"Howden’s global access to markets will give us the ability to provide more options for clients. We look forward to working with Dermot and his Advisory leadership team.”

Roban Insurances Ltd reported a turnover of €804,700 in 2023 while making an operating profit of €217,500, bringing the company's retained profit up to €592,600 after tax.

The company, which is majority owned by Myles Roban, employs seven people.

Howden Ireland is part of the global Howden group which provides insurance broking, reinsurance broking and underwriting services and solutions in 55 countries and employs more than 20,000 people.

The group handles $38bn of premium on behalf of clients.

Photo: Dermot Gaskin, Managing Director of Howden Advisory, and Myles Roban, Managing Director, Roban Financial. (Pic: Supplied)