By Chris Glynn
Rip Reeves decided to step down as chief investment officer and treasurer of AEGIS Insurance Services, a mutual insurance company headquartered in East Rutherford, N.J.
Reeves announced his retirement today in a web post on LinkedIn. He joined $8.5 billion AEGIS in the summer of 2011. Reached over email, he noted the AEGIS is “reviewing multiple people regarding the investment function,” both within and without the mutual insurance company.
Reeves went on to state he will step down December 15, noting he will remain onboard with AEGIS until the next CIO or treasurer is appointed. Reeves said he and his wife are “returning home” to south Louisiana and have purchased a home in Baton Rouge.
A B.A. and MBA business and finance graduate of Louisiana State University, Reeves explained he planned to become a professor with his alma matter in the fall of 2023.
AEGIS Insurance Services is a 200-person company owned via its policyholder, Associated Electric & Gas Insurance Services Limited, the eligible surplus line insurer in the U.S. AEGIS enjoys an A.M. Best rating of A (Excellent) with a stable outlook.
Reeves had three-decade-long career in mutual insurance including working on Wall Street for J.P. Morgan Chase and Deutsche Bank and had earned an industry reputation as an environmental, social and governance (ESG) specialist.