Milliman Names Jim Fulton as Next Chief Executive Officer

Milliman names Jim Fulton as its next Chief Executive Officer, marking a leadership transition that will take effect in October 2026. Fulton, who has served as the company's Chief Financial Officer since 2015, brings more than three decades of executive experience across professional services, technology, data analytics, and financial management.

Fulton's appointment comes as Milliman continues evolving from a traditional actuarial firm into a multidisciplinary consulting, risk management, and technology solutions provider. His experience with financial strategy, organic growth, and mergers and acquisitions is expected to support the firm's continued expansion.

Jim Fulton to Lead Milliman's Next Growth Phase

Fulton has been an important part of Milliman's leadership team for more than a decade. Since joining the company as CFO in 2015, he has helped guide financial operations while contributing to the firm's growth and acquisition strategy.

His experience gives him a strong understanding of Milliman's business, culture, clients, and long-term objectives. The company believes this familiarity will provide continuity as it enters its next phase under new executive leadership.

Fulton will succeed Dermot Corry, who is retiring after serving a five-year term as CEO and completing a 44-year career with Milliman.

Extensive Experience Across Finance and Technology

Fulton brings more than 30 years of executive experience to the CEO position. He began his professional career at PwC, where he spent 12 years in the assurance practice.

From 2002 through 2011, Fulton served as Chief Financial Officer and partner at Crowe, a major U.S. accounting firm. He later joined a venture capital firm based at the University of Notre Dame's Innovation Park, where he helped launch technology and data analytics startups between 2011 and 2015.

His background across accounting, professional services, technology, and startup environments has given him experience managing organizations through different stages of development.

Fulton is also a Certified Public Accountant and holds a bachelor's degree in accounting from Indiana University Kelley School of Business.

Supporting Milliman's Transformation

Milliman has expanded considerably beyond its traditional actuarial roots. The company now provides solutions spanning insurance, financial services, healthcare, life sciences, risk, and employee benefits.

Advanced analytics, data, and technology have become increasingly important components of the firm's service portfolio. Fulton's previous experience with technology and analytics businesses is expected to complement Milliman's continued transformation.

As organizations face complex challenges involving financial uncertainty, healthcare costs, market volatility, and emerging risks, Milliman is increasingly combining actuarial expertise with technology-driven solutions to support its clients.

Continued Focus on Organic Growth and M&A

During his tenure as CFO, Fulton played a role in Milliman's organic growth and mergers and acquisitions strategy. This experience will be particularly relevant as the company evaluates new opportunities to expand its capabilities and strengthen its position in global consulting markets.

Milliman's recent growth has included acquisitions and expansion into new areas of data, analytics, and technology. During Corry's tenure as CEO, the firm completed nine acquisitions and further diversified its mix of data resources and analytical capabilities.

Fulton's financial background could help the company maintain disciplined growth while continuing to invest in new technologies, services, and talent.

Dermot Corry to Retire After 44-Year Career

Fulton's appointment also marks the conclusion of Corry's tenure as Milliman's CEO. Corry has spent 44 years with the organization and served as CEO for five years.

During his leadership, Milliman continued expanding its business and broadening its capabilities. Corry's tenure included the completion of nine acquisitions and further development of the company's technology and data capabilities.

Corry expressed confidence in Fulton's ability to lead the organization and emphasized his deep knowledge of Milliman and its people.

The leadership transition therefore provides continuity while allowing Milliman to benefit from Fulton's experience as it continues adapting to changing client and market requirements.

A Data-Driven Future for Milliman

Under Fulton's leadership, Milliman is expected to continue strengthening its combination of actuarial expertise, data analytics, consulting services, and technology solutions.

The company's clients increasingly face interconnected challenges that require more than traditional consulting approaches. Advanced analytics and technology can help organizations evaluate risks, model future scenarios, and make better-informed decisions.

Fulton's background in both professional services and technology gives him experience that aligns with this evolving business model. His leadership could help Milliman further integrate technology into its consulting and risk management offerings.

Preparing for the Next Chapter

The appointment of Jim Fulton as CEO represents an important step in Milliman's long-term leadership strategy. His 11 years as CFO have given him extensive knowledge of the firm's operations, financial structure, growth strategy, and organizational culture.

As he takes over from Dermot Corry in October, Fulton will lead Milliman at a time when organizations across insurance, healthcare, financial services, and other industries are seeking sophisticated ways to manage emerging risks.

With its established actuarial expertise and expanding capabilities in data, analytics, consulting, and technology, Milliman is positioned to continue evolving under Fulton's leadership. His combination of financial, technology, and professional services experience provides a strong foundation for the company's next stage of growth.

CXO Insiders is a platform for C-suite leaders, offering expert insights, industry trends, and strategic guidance. It covers leadership, technology, marketing HR and operations to support executive decision-making.