London, 23 June 2015 -- Moody's Investors Service has changed the outlook on the French property and casualty (P&C) sector to negative from stable, reflecting the deterioration in motor insurers' profitability and constraints on insurers' ability to significantly increase prices to restore their results. Moody's outlook on the life sector remains stable, in line with anticipated stable net flows and the rating agency's expectation that low interest rates will only moderately affect French life insurers in the next 12 to 18 months.

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