Hermes Family in Talks to Invest in French Insurer Albingia
- Eurazeo in talks to sell its 70% stake in insurer Albingia
- Buyers would include notably Hermes, Chamoin families
The Hermes fortune derives from its namesake firm Hermes International SCA, known for selling pricey Birkin handbags.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
A family office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that signals a goal to diversify their wealth away from luxury.
Krefeld Invest, the family office of heirs to the luxury goods fortune, is part of an investor group that’s in exclusive talks to buy the insurer from asset manager Eurazeo, according to a statement on Wednesday. The consortium is being led by existing shareholder the Chamoin family and also includes Canadian insurer Fairfax Financial Holdings.