AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 25, 1998 
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                           SCHEDULE 14A INFORMATION 
                  PROXY STATEMENT PURSUANT TO SECTION 14(A) 
                    OF THE SECURITIES EXCHANGE ACT OF 1934 

Filed by the Registrant  [ ] 

Filed by a Party other than the Registrant  [X] 

Check the appropriate box: 
 [ ] Preliminary Proxy Statement 
 [ ] Confidential, for Use of the Commission Only (as permitted by Rule 
     14a-6(e)(2)) 
 [ ] Definitive Proxy Statement 
 [X] Definitive Additional Materials 
 [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 

                     AMERICAN BANKERS INSURANCE GROUP, INC.
                           -------------------------
                (Name of Registrant as Specified in Its Charter)

                              CENDANT CORPORATION
                           -------------------------
    (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box): 

 [X] No fee required. 

 [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 

     (1) Title of each class of securities to which transaction applies: 

     (2) Aggregate number of securities to which transaction applies: 

     (3) Per unit price or other underlying value of transaction computed 
         pursuant to Exchange Act Rule 0-11 (set forth the amount on which 
         the filing fee is calculated and state how it was determined): 

         -----------------------------------

     (4) Proposed maximum aggregate value of transactions: 
                                                          ---------------------
 
     (5) Total fee paid. 

- ------------ 

 [ ] Fee paid previously with preliminary materials. 

 [ ] Check box if any part of the fee is offset as provided by Exchange Act 
     Rule 0-11(a)(2) and identify the filing for which the offsetting fee was 
     paid previously. Identify the previous filing by registration statement 
     number, or the Form or Schedule and the date of its filing. 

     (1) Amount Previously Paid: 

     ------------------------------------------------------------------------ 

     (2) Form, Schedule or Registration Statement No.: 

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     (3) Filing Party: 

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     (4) Date Filed: 

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   Cendant submitted a letter to the state insurance commissioner of Georgia on
February 24, 1998, in connection with Cendant's contention that, pursuant to
certain contracts and agreements entered into between AIG and American Bankers
and certain members of its management, AIG and those persons controlling AIG
are currently in control over American Bankers without having obtained prior
insurance regulatory approval in violation of the applicable insurance
statutes. Copies of the letter are included hereto.



                              TROUTMAN SANDERS LLP
                                ATTORNEYS AT LAW
                        A LIMITED LIABILITY PARTNERSHIP

                               NATIONSBANK PLAZA
                    600 PEACHTREE STREET, N.E. - SUITE 5200
                          ATLANTA, GEORGIA 30308-2216
                            TELEPHONE: 404-885-3000
                            FACSIMILE: 404-885-3995

Martin M. Wilson                                                   404-885-3338
                               February 24, 1998

Honorable John W. Oxendine
Insurance and Fire Safety Insurance Commissioner
7th Floor - West Tower
2 Martin Luther King Jr., Drive
Atlanta, Georgia  30334
          
     RE:  Application of American International Group, Inc. to Acquire Control
          of American Bankers Insurance Group, Inc.

Dear Commissioner Oxendine:

     I am writing on behalf of Cendant Corporation and Season Acquisition
Corporation (collectively, "Cendant") to bring to your attention certain
contracts entered into and related agreements put in place between American
International Group, Inc. ("AIG") and American Bankers Insurance Group, Inc.
("American Bankers") which provide AIG and the persons controlling AIG with
"control" over American Bankers within the meaning of O.C.G.A. Section 33-13-1
without the requisite prior approval of your Department.

     O.C.G.A. Section 33-13-1 defines "control" as "the direct or indirect
possession of the power to direct or cause the direction of the management and
policies of a person whether through the ownership of voting securities, by
contract...or otherwise..." (emphasis added)

     Several features of the proposed AIG transaction, which are virtually
unprecedented, provide AIG with the power to direct the management and policies
of American Bankers on an ongoing basis for at least six months and provide
"control" over a transaction that the Supreme Court of the United States has
described as one of the most important matters in the existence of a company.
See Basic Inc. v. Levison, 485 U.S. 485 U.S. 224 (1988). These control
provisions include the following:

          (a) the absolute control by AIG over American Bankers' ability to
     pursue or consider any competing transaction proposals as reflected in the
     "Fiduciary Sabbatical



      TROUTMAN SANDERS LLP
        ATTORNEYS AT LAW
A LIMITED LIABILITY PARTNERSHIP

Honorable John W. Oxendine
February 24, 1998
Page 2


     Provision" which precludes American Bankers' Board of Directors (the
     "American Bankers Board") from pursuing or even considering any
     transaction which might compete with the proposed AIG transaction unless
     AIG agrees (with no "fiduciary out" feature for 120 days) (see Section 6.2
     of the AIG/American Bankers Merger Agreement);

          (b) the absolute veto power of AIG over any amendment of American
     Bankers' "poison pill" Rights Agreement which could facilitate any
     competing offer to acquire American Bankers (once again with no fiduciary
     out reserved to the American Bankers Board) and the delegation to AIG of
     determinations with respect to terminating or redeeming the outstanding
     Rights, extending the term of the Rights Agreement (which is scheduled to
     expire on March 10, 1998) and adopting a new Rights Agreement(1) (see
     Sections 5.1(q)(ii), 6.2 and 6.15(a) of the AIG/American Bankers Merger
     Agreement);

          (c) the control ceded to AIG over one of American Bankers'
     fundamental corporate process - - meetings of shareholders - - as
     evidenced by American Bankers' agreement to convene a meeting of its
     shareholders to consider the proposed AIG transaction regardless of
     whether the American Bankers Board continues to support the proposed AIG
     transaction (see Section 6.4 of the AIG/American Bankers Merger
     Agreement);

          (d) the abandonment by the American Bankers Board of its ability to
     determine and recommend to the best course of action for American Bankers'
     shareholders as evidenced by American Bankers' agreement not to recommend
     a competing acquisition proposal to American Bankers' shareholders (with
     no fiduciary out feature for 120 days) and its agreement not to withdraw
     or modify its recommendation of the proposed AIG transaction, subject to
     fiduciary obligations under applicable law (see Sections 6.2 and 6.4 of
     the AIG/American Bankers Merger Agreement);

- --------------
(1) On February 20, 1998, American Bankers announced that it had entered into a
new Rights Agreement to replace the existing Rights Agreement on March 10,
1998.



      TROUTMAN SANDERS LLP
        ATTORNEYS AT LAW
A LIMITED LIABILITY PARTNERSHIP

Honorable John W. Oxendine
February 24, 1998
Page 3


          (e) American Bankers' agreement to solicit shareholder approval of
     the proposed AIG transaction and its agreement to use "all best
     efforts...to consummate and make effective the [proposed AIG/American
     Bankers] Merger..." (see Sections 6.4 and 6.5(b) of the AIG/American
     Bankers Merger Agreement) coupled with the fact that R. Kirk Landon
     (American Bankers' Chairman and Chief International Officer) and Gerald N.
     Gaston (Vice-Chairman, President and Chief Executive Officer of American
     Bankers) have agreed, among other things, (i) to vote the approximately
     8.0% of the outstanding common shares of American Bankers beneficially
     owned by them in favor of approving the proposed AIG transaction and (ii)
     upon request, to grant AIG an irrevocable proxy with respect to such
     common shares (see Section 2 of the AIG Voting Agreement);

          (f) the abandonment by American Bankers of its right to terminate the
     AIG/American Bankers Merger Agreement for at least 180 days in the context
     of a competing transaction proposal (see Sections 8.2 (iv) and 8.3(a) of
     the AIG/American Bankers Merger Agreement);

          (g) the control that AIG exerts over many of American Bankers'
     operational matters, including for example changes to its capitalization,
     modifications to employee benefit arrangements, modifications to
     investment guidelines or policies or entering into new quota share or
     other reinsurance transactions that do not meet certain specified criteria
     (see Section 6.1 or the AIG/American Bankers Merger Agreement);

          (h) the guarantee that current American Bankers' directors that so
     desire will be appointed as directors of the surviving corporation of the
     proposed merger of American Bankers and an AIG subsidiary (see Section 3.1
     of the AIG/American Bankers Merger Agreement); and

          (i) the financial penalties (in the amount of $66.00 million) that
     would be imposed upon American Bankers if it or AIG terminates the
     AIG/American Bankers Merger Agreement (after 180 days in the case of
     American Bankers) as a result of the failure by American Bankers'
     shareholders to approve the AIG transaction or if American Bankers
     terminates the AIG/American Bankers Merger Agreement after 180 



      TROUTMAN SANDERS LLP
        ATTORNEYS AT LAW
A LIMITED LIABILITY PARTNERSHIP

Honorable John W. Oxendine
February 24, 1998
Page 4


     days to enter into a competing transaction agreement (see Section 8.5(b)
     of the AIG/American Bankers Merger Agreement).


     Given these provisions, the contracts and agreements between AIG and
American Bankers provide AIG with control over American Bankers. The failure of
AIG and those persons controlling AIG to obtain the prior approval of your
Department before entering into the foregoing contracts and agreements is in
direct violation of the provisions of O.C.G.A. Section 33-13-3. Accordingly,
Cendant respectfully requests that your Department immediately take all
appropriate regulatory action to enforce your statutes and to require AIG and
those persons controlling AIG to renounce, waive or otherwise relinquish each
of the foregoing control provisions in the contracts and agreements with
American Bankers.

     In addition, we believe that the willful violation of your statutes by AIG
and those persons controlling AIG is, in itself, sufficient grounds to deny
AIG's application to acquire control of American Bankers.


                                  Sincerely yours,


                                  /s/ Martin M. Wilson
                                  Martin M. Wilson

MMW\ls
     
cc:  Laura Badian
     Securities and Exchange Commission