You are correct. The cash hoard continues to grow with a big bullet coming in in 2014 from an IPO and a favorable settlement from the fraudulent Bank of America.Super Typhon scare is not material for AIG.
I agree. i do think the way to play is selling PUTS. Assuming AIG makes 10 Billlion a year its book value in 2016 will be about $80 Bucks. If you have some patience and want something conservative sell the 57.5 for around 14.