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Markel Corporation Announces Redemption of Markel Capital Trust I Capital Securities

RICHMOND, Va., Dec. 1 /PRNewswire-FirstCall/ -- Markel Corporation (NYSE: MKL) announced today the issuance of a notice of redemption of all outstanding 8.71% Capital Securities of Markel Capital Trust I. The Capital Securities will be redeemed on January 2, 2007 at a redemption price of 104.355% of the outstanding principal amount, plus accrued and unpaid interest to the redemption date. As of November 30, 2007, approximately $106.8 million of the Capital Securities were issued and outstanding.

Markel Corporation markets and underwrites specialty insurance products and programs for 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.

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Bruce A. Kay of Markel Corporation,
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