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MARKEL CORPORATION ANNOUNCEMENT
FOR IMMEDIATE RELEASE CONTACT: STEVEN A. MARKEL
DIRECT LINE: 804-965-1675
Richmond, Virginia, June 14, 2000 --- (NYSE - MKL) Markel Corporation
announced today that Nigel Rogers, President and Chief Executive Officer of
Markel International, the Company's international operating subsidiary, is
leaving the Company to pursue other interests. Alan I Kirshner, Chairman,
commented: "We very much appreciate Nigel's efforts in achieving a successful
transition and wish him the best for the future."
As a result of this change Anthony F. Markel, in addition to his other
duties, will become President of Markel International and Jeremy Cooke will
continue as Chief Operating Officer of Markel International. Reg Brown will
become, subject to regulatory approval, Managing Director of Markel Syndicate
Management, Ltd., the Company's Lloyd's managing agent.
Markel Corporation markets and underwrites specialty insurance products and
programs to a variety of niche markets. In each of these markets, the Company
seeks to provide quality products and excellent customer service so that it can
be a market leader. The financial goals of the Company are to earn consistent
underwriting profits and superior investment returns to build shareholder value.
Forward-looking statements contained in this press release are made under
"safe-harbor" provisions of the Private Securities Litigation Reform Act of
1995 and involve a number of risks and uncertainties. The types of risks and
uncertainties which may affect the Company are set forth in its periodic reports
filed with the Securities and Exchange Commission.
