John Lloyd, one of the founding partners of Lloyd Thompson Group, is leaving Jardine Lloyd Thompson Group PLC after 38 years, Re-insurance.com reported.

He stepped down as CEO of JLT Specialty at the end of 2015, but stayed with the company to help clients and focus on market relations.

JLT Specialty Global CEO Lucy Clarke reportedly confirmed Lloyd's decision, which comes after Marsh & McLennan Cos. Inc.'s £4.3 billion deal to acquire JLT.