MARKEL GROUP INC. — Director's Dealing 2011

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-01-05

Reporting Person: Albanese Gerard JR (EVP & Chief Underwriting Off.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9067.31	Direct
Common Stock	732.875	Indirect

Footnotes

F1: The total includes 2,780 rsetricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan. Subject to certain conditions, twenty percent of these restricted stock units will vest on May 10, 2011, and the balance will vest on May 10, 2015. The total also includes 1,149 other restricted stock units granted pursuant to the Markel Corporation Omnibus Incentive Plan, of which 416 units will vest on December 31, 2011, 386 units will vest on December 31, 2012, and 347 units will vest on December 31, 2013.

F2: This Form 4 is filed to update year-end 401(K) Plan holdings.

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 December 31, 2010 and utilizes the closing stock price on that date of $378.13. As of 12/31/2010, a unit under the Plan represented one share of Common Stock.