Profit from selling shares in Liffe, the London Stock Exchange and Deutsche Börse together with insurance claims will more than make up for the costs of the World Trade Centre disaster at Icap, the interdealer broker.

Icap estimates that the full year pre-tax cost covering the loss of its offices at the WTC will be £30m, of which £13m is reflected in half-year results. The broking firm also reckons it will receive some $50m from the insurance claims covering the damage to its offices and the interruption to its business after the disaster.