He was a son of Obizzo I the Great and husband of a daughter of William V of Montferrat. His brother-in-law Boniface I of Montferrat and his nephews Corrado (Conrad) and Guglielmo (William) were all enthusiastic patrons of troubadours. He was renowned for his bravery, generosity, courtliness, and learning. He composed a tenso with Raimbaut de Vaqueiras that begins Ara'm digatz senher Raimbauz, si vos agrada. Though this is the only work of his to survive, the author of his vida compliments his couplets, cansos, and sirventes.
According to Raimbaut, in his famous "epic letter" Valen marques, senher de Monferrat, in the 1170s Albert abducted Saldina de Mar, a daughter of a prominent Genoese family only to have her rescued by Boniface of Montferrat and restored her to her lover, Ponset d'Aguilar.