First American Financial Corporation announced the appointment of Paul Hurst as chief innovation officer. Hurst will report to Ken DeGiorgio, chief executive officer of First American Financial Corporation. Hurst will also be responsible for identifying opportunities to innovate through strategic venture investments, partnerships, and mergers and acquisitions.

He will continue to serve as the managing director of the company's venture investing arm. In that role, Hurst has guided investments in 20 high-growth proptech companies. Prior to joining First American, Hurst was a partner at a leading international consulting firm, where he applied a process-based approach to innovation to launch and scale five venture-backed companies across three continents, spanning insurance, financial services and real estate.