Markel Announces Executive Officer Changes

November 23, 2015

Markel Corporation announced that, effective January 1, 2016, Thomas S. Gayner, president and chief investment officer, and Richard R. Whitt, III, president and co-chief operating officer, will serve as co-chief executive officers of the Company. In addition, F. Michael Crowley, president and co-chief operating officer, will serve as the sole president of the Company as of the same date. Crowley, Gayner and Whitt will continue to report to Alan I. Kirshner, who will serve as the Company’s executive chairman.

In addition to serving as co-chief executive officer of the Company, Gayner will oversee the Company’s investment portfolio and non-insurance operating companies, known as Markel Ventures, and Whitt will oversee the Company’s international insurance and reinsurance operations as well as its underwriting, finance, actuarial, claims, information technology, legal and administrative functions. Crowley will continue to oversee the Company’s global insurance, specialty and wholesale operations and its marketing, human resources and strategic management functions.

As Executive Chairman, Kirshner will continue to focus on long-term strategic planning and development for the Company.

Source: Markel Corporation

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