MARKEL GROUP INC. — Director's Dealing 2011

May 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-05-10

Reporting Person: Latham John K (President-Wholesale Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-10	Common Stock	F	135	$405.85	Disposed	9413	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1371.379	Indirect

Footnotes

F1: The total includes 1,668 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan that will vest, subject to certain conditions, on May 10, 2015. The total also includes 1,117 other restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan, of which 271 units will vest on December 31, 2011, 285 units will vest on December 31, 2012, 133 units will vest on December 31, 2014, and 428 units will vest on December 31, 2015.

F2: 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, 2011 and utilizes the closing stock price on that date of $414.45. As of March 31, 2011, a unit under the Plan represented one share of Common Stock.