MARKEL GROUP INC. — Director's Dealing 2011

Mar 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2011-03-02

Reporting Person: Crowley F. Michael (President & Co-COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-02	Common Stock	J	30	$409.63	Acquired	6959	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20.496	Indirect

Footnotes

F1: Shares acquired pursuant to, or bonus shares granted under, the Markel Corporation Employee Stock Purchase and Bonus Plan.

F2: The total includes 2,780 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan of which, subject to certain conditions, twenty percent of these units will vest on May 10, 2011 and the balance will vest on May 10, 2015. The total also includes 2,260 other restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, of which 587 units will vest on December 15, 2011, and 1,673 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 December 31, 2010 and utilizes the closing stock price on that date of $378.13. As of December 31, 2010, a unit under the Plan represented one share of Common Stock.