MARKEL GROUP INC. — Director's Dealing 2010

May 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2010-05-10

Reporting Person: GAYNER THOMAS SINNICKSON (Pres. & Chief Investment Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-10	Common Stock	A	2780	—	Acquired	30478.689	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	2319.380	Indirect
Common Stock	446.66	Indirect

Footnotes

F1: Restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan. Subject to certain conditions, twenty percent of the restricted stock units will vest on May 10, 2011, and the balance will vest on May 10, 2015.

F2: In addition to the grant of 2,780 restricted stock units reported herein, the total also includes 5,864.287 other restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan, of which 1,220.049 units vested on December 2, 2008, 1,071.238 units vested on December 9, 2009, 521 units will vest on December 31, 2010, 1,447 units will vest on December 31, 2011 and 1,605 units will vest on December 31, 2012.

F3: Holdings under the Markel Corporation 401(K) Plan are reported in units. The information reported herein is based on a plan statement dated as of March 31, 2010 and utilizes the closing stock price on that date of $374.66 per share. As of 3/31/2010, a unit under the Plan represented one share of Common Stock.