French insurer AXA sees lower earnings growth

By Maya Nikolaeva and Matthieu Protard PARIS (Reuters) - French insurer AXA set on Tuesday lower earnings growth expectations for the coming years in a strategic plan incoming CEO Thomas Buberl has drawn up to cope with historically low interest rates. In the face of falling yields on its investments, AXA said it aimed to increase earnings per share by 3 to 7 percent a year in 2016-2020, down from a target of 5-10 percent in its plan for the last five years. Faced with tighter regulation and dec