The Birth of An Independent Actuarial Consulting Firm
He wanted to return to Washington and, although there was no single insurance firm of sufficient size in the region, he saw the opportunity to act as a consultant to a number of small firms. After conferring with business associates, he became encouraged that this model could enable him to return home. Long-time Washington state insurance commissioner William A. Sullivan soon offered him a retainer to serve his department in assisting a number of small, local life insurance companies that needed actuarial help. He also went to work on behalf of the Washington State Employees Retirement System in developing a retirement plan for employees. That, combined with consulting work for Eastern companies, was enough to launch the Milliman office in Seattle, which opened at 914 Second Avenue near the end of 1947. At this time he had a wife, Dorothy, and four children.
A little over two years later, he hired Stuart A. Robertson, who had been working as an actuary for Northwestern Life Insurance Company. He joined the Milliman firm on April 1, 1950.
Read more about this topic: Wendell Milliman
Famous quotes containing the words birth, independent, consulting and/or firm:
“It must appear impossible, that theism could, from reasoning, have been the primary religion of human race, and have afterwards, by its corruption, given birth to polytheism and to all the various superstitions of the heathen world. Reason, when obvious, prevents these corruptions: When abstruse, it keeps the principles entirely from the knowledge of the vulgar, who are alone liable to corrupt any principle or opinion.
”
—David Hume (1711–1776)
“‘Ouch’ is not independent of social training. One has only to prick a foreigner to appreciate that it is an English word.”
—Willard Van Orman Quine (b. 1908)
“The people shall not be restrained from peacefully assembling and consulting for their common good, nor from applying to the legislature by petitions, or remonstrances for redress of their grievances.”
—James Madison (1751–1836)
“Our Constitution ... was not a perfect instrument, it is not perfect yet; but it provided a firm base upon which all manner of men of all races, colors and creeds could build our solid structure of democracy.”
—Franklin D. Roosevelt (1882–1945)