American Bankers Insurance Group Inc. declares dividend on its convertible preferred stock

Business Wire, April 15, 1997

MIAMI--(BUSINESS WIRE)--April 15, 1997--American Bankers Insurance Group Inc. (NASDAQ:ABIGP) Tuesday announced that its board of directors declared a dividend on the company's $3.125 Series B Convertible Preferred Stock of $0.78125 per share, payable May 1, 1997, to preferred shareholders of record on April 25, 1997.

American Bankers Insurance Group Inc. (ABIG) concentrates on marketing affordable, specialty insurance products and services through financial institutions, retailers and other entities offering consumer financing as a regular part of their business. ABIG, through its insurance subsidiaries, operates in the United States, Canada, the Caribbean, Latin America and the United Kingdom.

CONTACT: American Bankers Insurance Group Inc., Miami

P. Bruce Camacho

First Senior Vice President

Investor Relations

305/252-7060