RICHMOND, Va., Dec. 20 /PRNewswire/ -- Markel Corporation (NYSE: MKL)
announced today that it has taken advantage of recently adopted streamlined
rules and filed a shelf registration statement with the Securities and
Exchange Commission. The registration statement covers securities which may
be sold from time to time in one or more offerings on terms and conditions to
be determined in light of the circumstances at the time of any offering.
Authorized securities include common and preferred equity, debt, warrants,
share purchase contracts and share purchase units. The Company does not have
any present plans to issue any securities, and this news release does not
constitute an offer of any securities for sale. Under the new SEC rules, the
registration statement automatically became effective upon filing.
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
Markel Corporation celebrates its Diamond Anniversary in 2005; over 75
years we've firmly established the Markel Style and our commitment to success.
This is a "Safe Harbor" statement under the Private Securities Litigation
Reform Act. Certain statements contained in this release are forward looking
statements that involve uncertainties. Future actions may be different
because of many factors including prevailing interest rates and general market
conditions. Additional factors which could affect the Company are discussed
in the Company's registration statement and its periodic reports on Forms 8-K,
10-Q and 10-K.
SOURCE: Markel Corporation
CONTACT: Bruce A. Kay of Markel Corporation, +1-804-747-0136/
/Web site: http://www.markelcorp.com