He's seen riding on Kyle's shoulders, and never seen apart.
He was brutally killed by Manannan (KQGS) in Chapter 4, the night Manannan kidnaps baby Alexander.
In Chapter 5, it is comfirmed that Larry indeed passed away, when Old Graham tries to remember what was built in the old Troll guild meeting area into. If the player chooses the Fountain, it's said to dedicate towards past royal guards who have served their kingdom.
It's also known to bring tears to Graham, as Larry was close with him along with Kyle, who aren't forced to like him, as the guards are hinted by Graham that they are forced to like him, not personally by either addendums or decree.