Allianz appoints leadership for Allianz Commercial key markets

As part of its ‘Integrated Commercial’ strategy, Allianz has announced Managing Directors (MDs) to lead its Commercial insurance business in two key regions: in Iberia, Agustín de la Cuerda, and in Latin America, David Colmenares. 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, simplifying and enhancing the experience of clients and distribution partners. 

Agustín 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 (CUO) at Allianz Seguros (Spain). He will oversee Allianz Commercial’s business across Spain and Portugal, reporting 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.

David Colmenares Spence 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.  He will continue as CEO of Allianz Colombia until further notice, pending the confirmation of his successor.  Allianz services clients across Latin America through its businesses in Argentina, Brazil, Colombia and Mexico and for multinational insurance programs through network partners in other countries. Colmenares will 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. 

Allianz announced on March 10, 2023 that it will serve the global commercial insurance segment as one go-to-market business, using the new trading name of Allianz Commercial, 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. 

These appointments and responsibilities are with immediate effect, subject to regulatory approval where required.

Agustín de la Cuerda
Managing Director
Iberia
David Colmenares
Managing Director
Latin America
The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.

Press contacts

Hugo Kidston
Allianz Commercial
Heidi Polke
Allianz SE
Laura Llauradó
Allianz Global Corporate & Specialty
Laura Gallach
Allianz Global Corporate & Specialty
Ana Sereno
Allianz Global Corporate & Specialty
María Angelica Restrepo Uribe
Allianz Global Corporate & Specialty
Daniella Satake
Allianz Global Corporate & Specialty
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