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   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 25, 1998.
 
                            SCHEDULE 14A INFORMATION
 
          PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
                              EXCHANGE ACT OF 1934
 
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[ ]  Definitive Proxy Statement
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[ ]  Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12


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

                      AMERICAN INTERNATIONAL GROUP, INC.
- --------------------------------------------------------------------------------
  (Name of Person(s) Filing Proxy Statement if other than the Registrant)

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     On February 24, 1998, American International Group, Inc. issued the
following Press Release:


                       [AIG LOGO] AMERICAN INTERNATIONAL GROUP, INC.
                                  70 Pine Street New York, NY 10270


NEWS

Contact: Joe Norton 
         Director of Public Relations 
         212/770-3144


             AIG SUPPORTS AMERICAN BANKERS' INQUIRY INTO CENDANT'S

                        FITNESS TO OWN INSURANCE COMPANY

NEW YORK, February 24, 1998 -- American International Group, Inc. (AIG) today
announced that it shares the concerns expressed by the Board of Directors of
American Bankers Insurance Group, Inc. (ABIG) "as to whether an acquisition of
American Bankers by Cendant could be prejudicial to American Bankers'
policyholders and employees, the Miami area and the State of Florida." The
concerns of the ABIG Board were set forth in a letter addressed to the Florida
Department of Insurance and sent to the Insurance Commissioners of Arizona,
Georgia, New York, South Carolina, and Texas.

     AIG is pleased that ABIG's Board of Directors has publicly expressed its
concerns about the impact a possible Cendant acquisition could have on American
Bankers and its shareholders, policyholders, employees, customers and other
constituencies. AIG looks forward to a full airing of the facts concerning these
issues at the hearings before the various state insurance regulatory
authorities.

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     AIG is the leading U.S.-based international insurance organization and
among the largest underwriters of commercial and industrial insurance in the
United States. Its member companies write property, casualty, marine, life and
financial services insurance in approximately 130 countries and jurisdictions,
and are engaged in a range of financial services businesses. American
International Group, Inc.'s common stock is listed on the New York Stock
Exchange, as well as the stock exchanges in London, Paris, Switzerland and
Tokyo.

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