Milliman & Robertson will change its name to Milliman USA, effective June 1. The firm also will establish a larger corporate identity called Milliman Global by joining with the 22 other actuarial and consulting firms worldwide in which it has an ownership interest. These firms will adopt variations of the Milliman name, including Milliman Japan, Milliman Asia and Milliman U.K., said Robert L. Collett, president and CEO of Milliman USA and chairman of Milliman Global.
Pension fund clients will not be affected, Mr. Collett said. Those clients include the $7.5 billion Maine State Retirement System, Augusta; $5.1 billion fund of Georgia-Pacific Corp., Atlanta; $2.3 billion Boise Cascade Corp., Boise, Idaho; $719 million Louisiana-Pacific Corp., Portland, Ore.; and the $444 million fund of Foster Wheeler Corp., Clinton, N.J.
Also as part of the strategy, Milliman formed a partnership with Hymans Robertson, whose employee benefits practice will continue to operate under the old name. Its insurance group, however, will become part of Milliman UK, according to a news release from Milliman USA.