He also said that plans were gaining traction as the company " shifts from a market entry focus to one of driving operational performance from our enlarged regional presence. " IAG has also said that it wants to accelerate growth in Australia and New Zealand and restore profitability to its UK operations. QBE Insurance Group ( ASX: QBE ) yesterday advised that it completed in Hong Kong the acquisition of Hang Seng General insurance Co Limited and 10 year bancassurance agreements. Under the agreements, QBE will become the exclusive provider and underwriter of bancassurance general insurance products to Hang Seng Bank's customers in Hong Kong and mainland China. As for other major Australian insurers, Suncorp Group Limited ( ASX: SUN ) announced in May that it was concentrating on simplifying its business and extracting cost savings from replacing legacy infrastructure with modern platforms and systems.