RACQ has appointed Trent Sayers as Group Executive Insurance after he took up the position in an acting capacity mid-year following the departure of Tracy Green.

Mr Sayers, who joined RACQ in January as GM Claims, has more than 25 years’ experience in the financial services and general insurance industries. Previously he was RACT Insurance CEO and held various positions at AAMI.

“Trent brings a wealth of experience from across multiple insurance functions including claims, product, pricing and distribution, RACQ CEO David Carter said.

“His passion and commitment for our members is clear, having supported many of them during one of the worst natural disasters in our club’s history earlier this year.”

Mr Carter says Queensland continues to face an increasing threat of more frequent and severe natural disasters and ensuring insurance remains affordable and accessible is a core focus for RACQ.

The RACQ annual report shows insurance posted an after-tax loss of $236 million last financial year, including a $149 million provision and an $87 million trading loss.

A provision was set aside for refunds to members arising out of a pricing promises review, while the insurance business has also been affected by above normal natural hazard claims, high compulsory third party and motor claims costs and unfavourable investment markets.