Milliman Taps CFO Jim Fulton as Next CEO Amid Consulting Expansion
Event summary
- Jim Fulton, Milliman's CFO since 2015, named next CEO effective immediately.
- Fulton succeeds Dermot Corry, who retires after a five-year tenure as CEO and 44-year career at the firm.
- Milliman completed nine acquisitions under Corry’s leadership, expanding its data analytics and technology offerings.
- Fulton brings experience from Big 4 accounting firms (PwC, Crowe), private equity, and tech startups.
The big picture
Milliman’s CEO transition reflects the firm’s broader evolution from a niche actuarial consultancy to a diversified risk management and technology provider. The shift aligns with industry trends toward data-driven decision-making and integrated financial services. With nine acquisitions under Corry, Fulton inherits a firm positioned for further expansion but facing execution risks in maintaining growth momentum.
What we're watching
- Strategic Pivot
- How Fulton will accelerate Milliman’s shift from actuarial services to multidisciplinary consulting and technology solutions.
- M&A Momentum
- Whether the firm can sustain its acquisition-driven growth under new leadership.
- Talent Retention
- The pace at which Milliman retains key personnel amid executive transition and expanding service lines.
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