Mike Reynolds has stepped down from his role as CEO of JLT Re.
JLT Re has given no indication of the motivation behind Reynolds departure, but it was announced that the company’s current chairman, Ross Howard, will join Guy Carpenter as vice chairman.
JLT Re will be integrated with Guy Carpenter, following the completion of the acquisition of Jardine Lloyd Thompson (JLT) Group by Marsh and McLennan, Guy Carpenter’s parent company.
The acquisition remains subject to the receipt of certain antitrust and financial regulatory approvals.
Commenting on the departure of Reynolds, JLT Group CEO, Dominic Burke shared: “On behalf of everyone at JLT, I should like to thank Mike Reynolds for the enormous contribution he has made as CEO of JLT Re, and wish him the very best for the future.”