Markel Corp. Expands Product Offerings

June 19, 2003

Markel Corp. announced plans to significantly expand its product offerings by creating a business platform to be headed by Roger Greiner, formerly president of Aegean Managers, Inc.

The new platform will concentrate on the alternative risk market for larger risks and groups of risks utilizing the captive insurance market. Business plans are being developed, and it is expected that the venture will commence operations during the third quarter of 2003.

Greiner has more than 38 years of industry experience, with a strong involvement in the alternative risk marketplace. Before Aegean Managers, Greiner was with Genesis Underwriting Management Co. for 21 years, serving as president from 1988 until 2000.

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