JM Glendinning, an independent insurance broker, completed the acquisition of Nowell and Richards, an independent broker specialising in tailored private and commercial insurance. Financial terms were not disclosed. "JM Glendinning is a likeminded, independent and respected Top 75 insurance broker and we both saw an opportunity to add a new, complementary arm to their business focused on high net worth clients and associated commercial lines," Richard Nowell, Richard & Nowell Managing Director.