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Hermes Family in Talks to Invest in French Insurer Albingia

Hermes Family in Talks to Invest in French Insurer Albingia


Published on 2024-12-11 22:21:45 - Bloomberg L.P.
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  • 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.

The Hermès family, known for their luxury goods empire, is in discussions to invest in Albingia, a French insurance company. This potential investment is part of a broader strategy by the family to diversify their portfolio beyond luxury goods. Albingia, which specializes in property and casualty insurance, could benefit from the financial backing and business acumen of the Hermès family. The talks are still in early stages, and details such as the investment amount and structure remain undisclosed. This move reflects a trend among wealthy families to seek stable, long-term investments in sectors like insurance, which offer steady returns and align with their long-term wealth preservation strategies.

Read the Full Bloomberg L.P. Article at:
[ https://www.bloomberg.com/news/articles/2024-12-11/hermes-family-in-talks-to-invest-in-french-insurer-albingia ]
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