Allianz Commercial has announced that it has appointed Managing Directors to lead its Commercial insurance business in two key regions. Agustín de la Cuerda will lead Iberia, while David Colmenares will lead Latin America.
According to the announcement, 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.
Agustín brings an extraordinary amount of years of leadership and technical insurance experience across Iberia and Latin America, including stints as Chief Operating Officer of Allianz Seguros (Spain) and Allianz Portugal, and since 2021 as Deputy General Manager and Commercial Chief Underwriting Officer (CUO) at Allianz Seguros (Spain).
In his role. he will oversee Allianz Commercial’s business across Spain and Portugal. He will also report to Veit Stutz, CEO of Allianz Spain in conjunction with Henning Haagen, Allianz Global Corporate & Specialty SE (AGCS) Board Member and Chief Regions & Markets Officer whose responsibility includes this region also.
Meanwhile, Colmenares has served as CEO of Allianz Colombia since 2017, prior to which he worked as Chief Claims Officer and CEO in insurance companies such as AIG, ACE (Chubb), Zurich and major brokers including Marsh in Latin America and Asia Pacific.
Allianz has confirmed that Colmenares will continue to serve as CEO of Allianz Colombia until further notice, pending the confirmation of his successor.
Colmenares will also oversee Allianz Commercial’s business across this region, reporting to Javier Bernat, CEO Allianz Latin America in conjunction with Tracy Ryan, Board Member of AGCS and Chief Regions & Markets Officer for the Americas.
