UnitedHealth Group names Noel as head of health insurance business

UnitedHealth Group has named Tim Noel as the subsequent CEO of UnitedHealthcare, changing Brian Thompson, who was killed in New York Metropolis in December.

Noel has been on the well being care conglomerate since 2007 and most not too long ago led UnitedHealthcare’s Medicare division — one of many firm’s most essential and worthwhile strains of medical insurance. Its Medicare Benefit and Medigap supplemental plans made up nearly half of UnitedHealthcare’s $300 billion of income final 12 months.

Noel’s promotion comes roughly seven weeks after Thompson was fatally shot exterior a Manhattan lodge forward of UnitedHealth’s annual investor assembly. Luigi Mangione was arrested as a suspect and faces quite a few fees, together with first-degree homicide.