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Markel Releases Text of Employee Correspondence

RICHMOND, Va., Apr 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Markel Corporation (NYSE: MKL) released today the text of correspondence from Anthony F. Markel, President and Chief Operating Officer, to all employees. The full text of the correspondence follows:

It's with a great deal of regret that we announce that Jeremy Cooke is leaving Markel, effective May 30, to accept a position with Marsh Inc. in New York City.

Jeremy has been with Markel since we acquired the Investors Insurance Group in 1996, and has been instrumental in our growth and success during the past seven years. His most noteworthy contribution has been the temporary assignment he accepted to move to London to help us reposition the Terra Nova companies following their acquisition three years ago. He has done just that, and we are extremely pleased with our revamped International operations and the outstanding platform we have for the future.

Although we are sorry to see Jeremy leave, the opportunity at Marsh enables him to return to the U.S. Needless to say, we wish him all the best.

Jeremy will work with Paul Springman and me during the transition. We will immediately begin the search for his replacement to help us build on the legacy he leaves and realize Markel International's tremendous potential.

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.

SOURCE Markel Corporation

Bruce A. Kay of Markel Corporation, +1-804-747-0136