The dispute between the Institute of Risk Management (IRM) and its ex-chief executive Maureen Gibbins over claims of sexual discrimination has been settled for an undisclosed sum.

Gibbins started legal proceedings against the institute alleging sexual discrimination and constructive dismissal last year (see Insurance Times, 23 August 2001). The case was settled 25 January when she received a cheque from the IRM.

However, she told Insurance Times that the final outcome was "disappointing" because the institute failed to apologise for its actions.

"If I hadn't gone on maternity leave, then the IRM wouldn't have taken the action it did," she said.

IRM governor Mark Butterworth said: "We wish her well. It's an amicable agreement."

Gibbins has now created her own risk managementconsultancy, MMG Associates.

Is insurance sexist?