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UnitedHealthcare Appoints Tim Noel, Former Medicare and Retirement Head, as New CEO Amid Increased Security Measures

Jan 23, 2025, 09:37 PM

UnitedHealthcare has appointed Tim Noel as its new CEO, succeeding Brian Thompson who was killed in December in New York City. Noel, who joined UnitedHealth Group in 2007, previously served as the head of the company's Medicare and Retirement division, which serves nearly 13.7 million patients. The appointment comes at a critical time for UnitedHealthcare, the largest private health insurer in the U.S. with a market capitalization of over $480 billion, as it navigates challenges including rising medical costs and public scrutiny following Thompson's murder. Luigi Mangione, charged with Thompson's killing, faces multiple charges including murder and terrorism. The incident has led to increased security measures across the insurance industry, with companies removing executive photos from their websites and enhancing security details. In 2024, UnitedHealth Group reported revenue of $400.3 billion, and it forecasts revenue for 2025 to be between $450 billion and $455 billion, with a medical loss ratio of 87.6%.