Press release | July 6, 2026
Allianz Commercial announces leadership transition in Latin America
Allianz Commercial announced today a leadership transition in Latin America. David Colmenares, who has served in the dual role of Regional Managing Director for Allianz Commercial Latin America and Chief Executive Officer of Allianz Colombia, has made the personal decision to leave the organization. Effective August 1, 2026, Gerardo Pardo, currently Chief Executive Officer of Allianz Argentina, will assume the additional role of Regional Managing Director for Allianz Commercial Latin America.
The transition reflects the strength of Allianz Commercial's internal talent pipeline and is designed to ensure continuity of strategy, service, and relationships across Latin America. Gerardo's appointment builds on his proven track record as CEO of Allianz Argentina and his extensive experience in the Latin American insurance market.
As announced separately, Juan Francisco Sierra succeeds David as CEO of Allianz Colombia, stepping up from his current role as Chief Financial Officer.
Executive Profile: Gerardo Pardo
Currently Chief Executive Officer of Allianz Argentina since January 1, 2023, Gerardo joined Allianz in 2017 as Claims Director and, in 2018, moved to Chief Operating Officer (COO), assuming responsibility for Claims, IT, and Operations.
With more than 30 years of experience in the insurance industry, including roles at companies such as La Buenos Aires, HSBC, QBE, and Chubb, he has led local teams across Finance, Claims, Reinsurance, Underwriting, and Risk Management, as well as holding regional Claims leadership positions with responsibility for Latin America.
Gerardo Pardo
Press contacts
About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz 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 film productions.
Powered by the employees, financial strength, and network of the world’s #1 insurance brand Allianz, as ranked by Interbrand, 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 Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17,3 billion in gross premium globally.
Forward looking statement disclaimer
As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:
All the latest news, reports and hot topics
Sign up to the newsletter
Keep up to date on all news and insights from Allianz Commercial