S&P’s Withdraws Markel Corp. Units Ratings

May 14, 2003

Standard & Poor’s has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Markel Corp.’s U.S. insurance subsidiaries and its ‘BBB-‘ counterparty credit and financial strength ratings on Markel International Insurance Co. Ltd. and then withdrew the ratings at the company’s request.

Standard & Poor’s will maintain surveillance on the counterparty credit, senior unsecured debt, and preferred stock ratings on Markel Corp.

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