Interestingly the insurance stocks have been the ones holding up in the selloff in my portfolios. Specifically interesting is the performance of Swiss Re and Munich Re who carry a massive slice of the world's reinsurance risk. They are holding up - which means the catastrophe numbers are priced in and/or they have been able to jack up premiums well enough.

Even more surprising is how my Italian insurance stocks (other than Generali) are still positive.

QBE is a general insurer and is well diversified across geographies. What I like is they are an Australian Dollar hedge as a large slice of income is in US Dollar.