UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Stewart Information Services Corporation
---------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------
(Title of Class of Securities)
860372101
-------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 7 pages
<PAGE>
CUSIP NO. 860372101
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Markel Corporation
54-0292420
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3) SEC Use Only . . . . . . . . . . . . . . . . . . . .
4) Citizenship or Place of Organization Virginia Corporation
Number of Shares (5) Sole Voting Power -0-
Beneficially Owned
by Each Reporting (6) Shared Voting Power 254,350
Person With
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 254,350
9) Aggregate Amount Beneficially Owned by Each Reporting Person 254,350
10) Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) . . . . . . . . . . . . .
11) Percent of Class Represented by Amount in Row 9 4.4%
12) Type of Reporting Person (See Instructions) HC, CO
Page 2 of 7 pages
<PAGE>
CUSIP NO. 860372101 13G Page 3 of 7 Pages
Item 1 (a). Name of Issuer:
Stewart Information Services Corporation
Item 1 (b). Address of Issuer's Principal Executive Offices:
2200 West Loop South
Houston, Texas 77027
Item 2 (a). Name of Person Filing:
Markel Corporation
Item 2 (b). Address or Principal Business Office or, if none, Residence:
4551 Cox Road
Glen Allen, Virginia 23060
Item 2 (c). Citizenship:
Not applicable
Item 2 (d). Title of Class of Securities:
Common Stock
Item 2 (e). CUSIP Number:
860372101
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
and the person filing, Markel Corporation, is a parent holding
company in accordance with Rule 13-1(b) (ii) (G). (Note: See
Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned: 254,350
(b) Percent of Class: 4.4%
<PAGE>
CUSIP NO. 860372101 13G Page 4 of 7 Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the
vote: 254,350
(iii) sole power to dispose or to direct the
disposition of: 0
(iv) shared power to dispose or to direct the
disposition of: 254,350
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ X ].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Evanston Insurance Company and Markel Insurance Company (each
subsidiaries of Markel Corporation) have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Common Stock of Stewart
Information Services Corporation.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
See attached Exhibit(s) A and B.
Item 8. Identification and Classification of Members of the Group.
Not applicable, see attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
<PAGE>
CUSIP NO. 860372101 13G Page 5 of 7 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 6, 1996
Signature: /s/ Alan I. Kirshner
Title: Chairman
<PAGE>
CUSIP NO. 860372101 13G Page 6 of 7 Pages
EXHIBIT A
SCHEDULE 13G
Markel Corporation, through its control of its wholly owned subsidiaries,
Evanston Insurance Company and Markel Insurance Company, has the shared power to
direct the voting and disposition of shares of Common Stock of Stewart
Information Services Corporation held by those entities. This power is shared
with Markel's advisors, Hamblin Watsa Investment Counsel Ltd.
<PAGE>
CUSIP NO. 860372101 13G Page 7 of 7 Pages
EXHIBIT B
RULE 13d-1(f) AGREEMENT
The undersigned persons on this 6th day of February, 1996, agree and consent to
the joint filing on their behalf of this Amendment No. 2 to Schedule 13G in
connection with their beneficial ownership of the Common Stock of Stewart
Information Services Corporation.
MARKEL CORPORATION
By: /s/ Alan I. Kirshner
Title: Chairman
EVANSTON INSURANCE COMPANY
By: /s/ Anthony F. Markel
Title: Chairman and Chief Executive Officer
MARKEL INSURANCE COMPANY
By: /s/ Alan I. Kirshner
Title: Chairman
