Insurance Australia Group Limited is engaged in underwriting of general insurance and related corporate services and investing activities. The Company operates in six segments: Australia direct insurance, Australia intermediated insurance, New Zealand insurance, United Kingdom insurance, Asia insurance, and corporate and other. On April 12, 2012, it acquired 20% interest in Bohai Property Insurance Company Limited. In April 2012, IAG increased its interest in Mutual Community General Insurance Proprietary Limited from 51% to 100%. In January 2012, it increased its interest in NBJ United Kingdom Limited from 75% to 100%. In April 2013, it completed the sale of the Equity Red Star business to Aquiline Capital Partners.