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. (Photo: Shutterstock)

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.

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