MARKEL GROUP INC. — Director's Dealing 2011

May 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-05-09

Reporting Person: Waleski Anne G (Vice Pres., CFO + Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-09	Common Stock	A	1250	—	Acquired	2421.9879	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1140.129	Indirect

Footnotes

F1: Restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan. One-half of the restricted stock units will vest on May 9, 2015, and the remainder will vest on May 9, 2016.

F2: In addition to the grant of 1,250 restricted stock units reported herein, the total also includes 282 other restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, which units will vest on December 31, 2015.

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, 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.