New MDs for Allianz Commercial in Iberia and Latin America
Allianz has appointed two managing directors to lead its commercial insurance business in Iberia and Latin America. Agustín de la Cuerda has been appointed as commercial managing director for Iberia, and David Colmenares as commercial managing director for Latin America.
The move is part of Allianz’s ‘integrated commercial’ strategy, in which each managing director will represent the integrated Allianz Commercial insurance business across all countries in their region and bring to the market Allianz’s full set of solutions for specialty clients, large corporates and mid-sized companies.
De la Cuerda will oversee Allianz Commercial’s business across Spain and Portugal and will report to Veit Stutz, CEO of Allianz Spain, in conjunction with Henning Haagen, Allianz Global Corporate & Specialty (AGCS) board member and chief regions and markets officer.
De la Cuerda has many years of leadership and technical insurance experience across Iberia and Latin America, including as chief operating officer of Allianz Seguros (Spain) and Allianz Portugal, and since 2021 as deputy general manager and commercial chief underwriting officer at Allianz Seguros (Spain).
Colmenares will oversee Allianz Commercial’s business across Latin America, reporting to Javier Bernat, CEO Allianz Latin America in conjunction with Tracy Ryan, board member of AGCS and chief regions and markets officer for the Americas.
Colmenares has been CEO of Allianz Colombia since 2017, prior to which he worked as chief claims officer and chief executive officer in insurance companies such as AIG, ACE (Chubb), Zurich, and brokers including Marsh in Latin America and Asia Pacific. Allianz said he will continue as CEO of Allianz Colombia until further notice, pending the confirmation of his successor.
Allianz recently announced that it was combining its AGCS business serving large corporate and specialty clients together with the insurance businesses of Allianz’s operating entities serving mid-sized country-based accounts, using the new trading name of Allianz Commercial.
