- AgustÃn de la Cuerda appointed as Commercial Managing Director for Iberia, and David Colmenares as Commercial Managing Director for Latin America.
- ÐÇ¿Õ´«Ã½ Commercial provides one face to the market in each region, covering the full Commercial segment for both mid-sized and large companies under a single Managing Director.
- Clients and distribution partners to benefit from simple access to wide range of solutions under the new global ‘ÐÇ¿Õ´«Ã½ Commercial’ business model.
As part of its ‘Integrated Commercial’ strategy, ÐÇ¿Õ´«Ã½ has announced Managing Directors (MDs) to lead its Commercial insurance business in two key regions: in Iberia,ÌýAgustÃn de la Cuerda, and in Latin America,ÌýDavid Colmenares. Each Managing Director will represent the integrated ÐÇ¿Õ´«Ã½ Commercial insurance business across all countries in their region and bring to the market ÐÇ¿Õ´«Ã½â€™s full set of solutions for specialty clients, large corporates and mid-sized companies, simplifying and enhancing the experience of clients and distribution partners.
AgustÃn de la Cuerda
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AgustÃn de la Cuerda has many years of leadership and technical insurance experience across Iberia and Latin America, including as Chief Operating Officer of ÐÇ¿Õ´«Ã½ Seguros (Spain) and ÐÇ¿Õ´«Ã½ Portugal, and since 2021 as Deputy General Manager and Commercial Chief Underwriting Officer (CUO) at ÐÇ¿Õ´«Ã½ Seguros (Spain). He will oversee ÐÇ¿Õ´«Ã½ Commercial’s business across Spain and Portugal, reporting to Veit Stutz, CEO of ÐÇ¿Õ´«Ã½ Spain in conjunction with Henning Haagen, ÐÇ¿Õ´«Ã½ Global Corporate & Specialty SE (‘AGCS’) Board Member and Chief Regions & Markets Officer whose responsibility includes this region.
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David Colmenares Spence has been CEO of ÐÇ¿Õ´«Ã½ 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. ÌýHe will continue as CEO of ÐÇ¿Õ´«Ã½ Colombia until further notice, pending the confirmation of his successor. ÌýÐÇ¿Õ´«Ã½ services clients across Latin America through its businesses in Argentina, Brazil, Colombia and Mexico and for multinational insurance programsÌýthrough network partners in other countries. Colmenares will oversee ÐÇ¿Õ´«Ã½ Commercial’s business across this region, reporting to Javier Bernat, CEO ÐÇ¿Õ´«Ã½ Latin America in conjunction with Tracy Ryan, Board Member of AGCS and Chief Regions & Markets Officer for the Americas.
David Colmenares
ÐÇ¿Õ´«Ã½ announced on that it will serve the global commercial insurance segment as one go-to-market business, using the new trading name of ÐÇ¿Õ´«Ã½ Commercial, combining its AGCS business serving large corporate and specialty clients together with the insurance businesses of ÐÇ¿Õ´«Ã½â€™s operating entities serving mid-sized country-based accounts.
These appointments and responsibilities are with immediate effect, subject to regulatory approval where required.
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About ÐÇ¿Õ´«Ã½ Commercial
ÐÇ¿Õ´«Ã½ CommercialÌýis the center of expertise and global line of ÐÇ¿Õ´«Ã½ Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry, as well as family-owned and medium enterprises, which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or Hollywood film productions.
Powered by the employees, financial strength, and network of the , as ranked by , we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services as well as seamless claims handling.
The trade name ÐÇ¿Õ´«Ã½ Commercial brings together the large corporate insurance business of ÐÇ¿Õ´«Ã½ Global Corporate & Specialty (AGCS) and the commercial insurance business of national ÐÇ¿Õ´«Ã½ Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the ÐÇ¿Õ´«Ã½ Group network and partners.ÌýIn 2023, the integrated business of ÐÇ¿Õ´«Ã½ Commercial generated around €18 billion in gross premium globally.
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