The chief executive of US health insurance giant UnitedHealthcare was shot and killed outside a New York hotel on Wednesday morning in an apparently targeted hit.

Police released images showing the gunman wearing a hooded top opening fire before fleeing on a bicycle towards Central Park, with detectives offering a $10,000 reward for the man’s capture.

The UHC company is a major player in US private healthcare, providing workplace health insurance as well as administering huge health care programs like Medicare and Medicaid for older and low-income people funded by state budgets.

The New York Times reported that Brian Thompson, 50, was shot just before 7:00 am at the hotel in the Midtown district of Manhattan, with the CNBC broadcaster suggesting a silencer had been used. Police confirmed a shooting with officers swarming around the area near the hotel, a usually busy corner of Manhattan that would have been filled with commuters at the time of the shooting. Video footage showed officers performing CPR on Thompson before he was taken to a nearby hospital where he was later pronounced dead.

UnitedHealth Group, the parent company of UHC, had revenues of $100.8 billion in the third quarter of the year.UnitedHealthcare’s Employer and Individual products are used by almost 30 million people in the United States according to an investor presentation. Thompson’s total compensation in 2023 was $10.2 million according to a regulatory filing.

#The company was due to hold an investor day in New York on Wednesday* at which Thompson was scheduled to deliver a keynote speech. The event was canceled, CNBC reported, and the company did not respond to an AFP request for comment.

The suspect was described as a white man wearing a hooded jacket, black face mask, black and white sneakers, and carrying a grey backpack.