Qbe is designed to be highly leveraged compared to US banks....

Qbe is designed to be highly leveraged compared to US banks. They're all meeting the Fed's stress tests BASE3
They're holding more capital and are often conservative / defensive stocks.
They're suitable in case of financial turmoil whereas US is the strongest banks amid that they haven't earned more profits than Australian banks.

I'll buy them in December in conjunction with a first rate hike to earn a trade advantage.

At the moment I'm looking at insurance companies with exposure in China and Australia.

AU banks lifted rate while RBA thinks about a rate cut to help struggling energy and mining sectors regardless the property bubbles because they will keep at staggering speed in light of new infrastructure projects.

China has cut rate 4 times this year plus the reductions of RRR to banks. Those are risky decisions albeit the economy has not comming out a hard landing.

The riskier pictures make people thinking about safety nests.