A family office linked to the Hermes luxury fortune, Krefeld Invest, is in exclusive talks to acquire French insurer Albingia from asset manager Eurazeo. This move reflects a strategy to diversify wealth away from luxury goods. The consortium, led by the Chamoin family and including Fairfax Financial Holdings, aims to purchase Eurazeo’s 70% stake, expected to generate €289 million ($303 million) in revenue. Established in 2022, Krefeld unifies multiple Hermes family offices and is focused on investing their personal wealth. The deal, involving Albingia’s €334 million in premium income, is pending regulatory approval and anticipated to close in spring 2025.