First American Financial Corporation Names Kenneth D. DeGiorgio President

Rhea-AI Summary

First American Financial Corporation (NYSE: FAF) has appointed Kenneth D. DeGiorgio as president, effective immediately. He will oversee the company’s operating groups, which include title insurance, specialty insurance, and data and analytics services. DeGiorgio, a veteran with over 20 years at First American, has previously held various executive roles, including executive vice president overseeing mergers and acquisitions, legal, compliance, and information security. The firm reported total revenue of $7.1 billion in 2020 and was named one of Fortune's 100 Best Companies to Work For® in 2021.

Positive

• Kenneth D. DeGiorgio's appointment is expected to strengthen leadership in the digital transformation of the title and settlement industry.
• Company reported a strong $7.1 billion revenue in 2020, showcasing its solid market position.

Negative

• None.

First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that Kenneth D. DeGiorgio has been named president. In his new position, DeGiorgio will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses.

“Ken’s well-deserved appointment follows more than two decades of accomplished service to First American,” said Dennis J. Gilmore, chief executive officer at First American Financial Corporation. “His proven leadership, in-depth understanding of our business, and commitment to First American’s leadership of the digital transformation of the title and settlement industry make him well suited for this role.”

DeGiorgio joined the company in 1999. With the separation of First American from its former parent in 2010, he was named to his most recent position as executive vice president. In that role he has taken on oversight responsibility for several corporate functions, including mergers and acquisitions, legal, compliance, information security, enterprise risk management, and marketing and communications. He also took on responsibility for the company’s banking operations and its international division.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.1 billion in 2020, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2021, First American was named to the Fortune 100 Best Companies to Work For^® list for the sixth consecutive year. More information about the company can be found at www.firstam.com. 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210519005159/en/

FAQ

Who is the new president of First American Financial Corporation (FAF)?

Kenneth D. DeGiorgio has been appointed as the new president of First American Financial Corporation.

What are Kenneth D. DeGiorgio's responsibilities as president of FAF?

He will oversee the company’s operating groups, including title insurance, specialty insurance, and data and analytics.

What was First American Financial Corporation's revenue in 2020?

First American Financial Corporation reported total revenue of $7.1 billion in 2020.

Has First American (FAF) received any accolades recently?

Yes, First American was named to the Fortune 100 Best Companies to Work For® list in 2021.