AXA S.A. is jumping into the U.S. benefits administration market.
The Paris-based insurer has agreed to acquire Maestro Healthcare Technology Inc., a Chicago-based benefits administrator, for $155 million. AXA hopes to complete the deal by March 31.
AXA is a major provider of private health insurance outside the United States, but it's best known in the United States as a life insurance and annuity issuer.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
