American Bankers Insurance Group Inc. Declares Dividend on its Convertible Preferred Stock

Business Wire, July 11, 1997

MIAMI--(BUSINESS WIRE)--July 11, 1997--American Bankers Insurance Group Inc. (NYSE:ABIpB) Friday 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 Aug. 1, 1997, to preferred shareholders of record on July 28, 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.

P. Bruce Camacho, Executive Vice President

Investor Relations, 305/252-7060