MARKEL GROUP INC. — Director's Dealing 2013

May 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2013-05-01

Reporting Person: Connell K Bruce (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-01	Common Stock	A	1035	—	Acquired	1035	Direct
2013-05-01	Common Stock	A	172	—	Acquired	172	Indirect

Footnotes

F1: Shares of common stock of Issuer were received in exchange for 24,000 shares of common stock of Alterra Capital Holdings Limited ("Alterra") in connection with the merger of Alterra into Commonwealth Merger Subsidiary Limited, a wholly owned subsidiary of the Issuer (the transaction, the "Merger"). On the effective date of the Merger, the closing price of the Issuer's common stock was $535.00 per share. The final closing price of Alterra's common stock was $32.55 on April 30, 2013.

F2: Shares of common stock of Issuer were received in exchange for 4,000 shares of common stock of Alterra Capital Holdings Limited ("Alterra") in connection with the merger of Alterra into Commonwealth Merger Subsidiary Limited, a wholly owned subsidiary of the Issuer (the transaction, the "Merger"). On the effective date of the Merger, the closing price of the Issuer's common stock was $535.00 per share. The final closing price of Alterra's common stock was $32.55 on April 30, 2013.