A few years ago, my boss (solicitor), hit a teenager riding to school on his bike, when he was driving his BMW, in the countryside near where he lives.
From recollection they were both at fault, didn't see each other and settled it between themselves (parents of the boy in this case), minimal or no damage to boss's car and teenager just shaken, not really hurt, bar cuts and maybe bruises.
I can't even recall if it was reported to the police or not. Boss was scared because he'd been stupid for years, speeding whilst over the limit drink-wise amongst other driving offences, but never being caught and he thought if parents knew who he was or it got into the press, he'd lose his career (own business) which was a strong possibility.
He may have even paid the parents off. It had the effect of making him safer with driving anyway from then on anyway. He rang me on my mobile just after it happened (I was on my way into work) and was really shaken up.
In this case, don't be bullied by this man. Go to the police and report it and go through normal insurance channels if need be. He did commit a crime as pp's said by leaving the scene of a crime where someone is injured. I hope your DD is ok OP. A nasty shock and she's bound to be shaken up.
Not read all pp's but if anything this makes people aware of if you are riding a bike, you should take a Cycling Proficiency Test at the very least or know rules of the road.
Countless times I've seen bikes being ridden towards me as a pedestrian, on the wrong side of the pavement, along a pavement, giving me no space to pass (one way system/street) and once with a father and his teenage son with him.
The primary school near where I live runs cycling lessons (presumably cycling proficiency ones) in our local park and that is how you should be taught how to ride a bicycle and stick to it. I see them sometimes on my lunch break practising. Yes, I know some car drivers are dicks too before anyone starts. I'm a car driver too.