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The company has been buying out Omers’ shares since 2015.
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The move follows objections from the Singapore government.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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The business will test the market from a position of strength after impressive early profits and robust growth.
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The executive said the combined entity could execute 100-110 tuck-in M&A deals a year.
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The deal represents a 14.3x Ebitda multiple and strengthens Gallagher’s mid-market position.
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If the deal is finalised, it will represent the largest in the acquirer’s history.
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Aviva increases its offer to 275p per Direct Line share.
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The firm is seen as an outstanding competitor to larger rivals in credit and political risk.
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The Lloyd’s (re)insurer is looking to execute a five-year plan to double GWP to $3bn.
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The sale of the business was confirmed in June.
