Market veteran Guy Money has been appointed Regional Managing Director for Iberia for Allianz Commercial and a member of the Board of Allianz Seguros (Spain).
He will be taking over his new role on March 1st, 2026, subject to regulatory approval, and will be based in Madrid.
Money will have dual reporting lines, answering to Veit Stutz, Chief Executive Officer at Allianz Seguros, and Jeremy Sharpe, Chief Distribution Officer at Allianz Commercial.
The executive will succeed Agustín de la Cuerda, who is moving to a new role to be confirmed soon. de la Cuerda joined Allianz in 1994, holding leadership positions in Spain, Portugal, and Latin America.
He was crucial in establishing and growing Allianz Commercial in Iberia and driving Allianz Seguros’ SME business in Spain, where the company is a top-two player. Allianz now serves approximately 80% of IBEX 35 listed companies, often providing multinational insurance beyond Iberia.
According to the announcement, de la Cuerda will stay in his current Allianz Commercial and Allianz Seguros roles until Money takes over in March to ensure a smooth transition.
Jeremy Sharpe, Chief Distribution Officer at Allianz Commercial said: “I want to thank Agustin for his leadership of Allianz Commercial in Iberia. He has established our Commercial business strongly in the market and as a key hub in our multinational network, and I wish him the very best for his next steps.
“I am very happy to welcome Guy to Madrid: he has extensive international experience spanning the Commercial sector and will further drive our business strategy in Iberia, supporting clients and brokers across this key region.”
In his new roles, Money will lead Allianz’s commercial insurance activities for small- and medium-sized companies, large corporations and specialty risks in Spain and Portugal.
He has been part of Allianz since 2020 and currently holds the position of Global Head of Multinational at Allianz Commercial, following several other senior leadership roles within the company.
Before his time at Allianz, he worked at AXA as the Group Head of Liability lines. His career also includes five years in Singapore and various senior management roles across Europe, Asia, the Middle East, and Africa.
Veit Stutz, Chief Executive Officer of Allianz Seguros (Spain) commented: “Agustín has played a key role in our company for many years. His leadership has made an important contribution to strengthening our business in Spain.
“I would like to thank him for his commitment and valuable contribution. Now, with Guy joining the team, we will continue to grow our SME and corporate business, supported by his experience in the multinational segment as we further expand our presence in Spain.”
