French insurer Axa SA (AXA) Monday said it's delisting its shares from the New York Stock Exchange to focus trading on Euronext Paris.

"Trading volumes and liquidity on the NYSE ... have not developed to the level we had hoped when we initially listed," Chief Executive Henri de Castries said in a statement.

Axa's decision to delist from NYSE doesn't call into question its strategic vision for the U.S., the company added.

Axa will formally apply to delist in the first quarter of 2010, with the delisting becoming effective 10 days after filing.

The insurer said it plans to maintain its American Depository Receipts program as "level one" to allow U.S. investors to continue holding and trading its ADRs in the U.S. over-the-counter market.

Company web site: www.axa.com

-By Elena Berton, Dow Jones Newswires; +33 1 40 17 17 65; elena.berton@dowjones.com
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