Markel Announces Management Changes

Markel Corporation in Richmond, Va. announced that effective at its next annual meeting, May 23, 2005, Darrell D. Martin will hand over the role of chief financial officer while continuing on a reduced time basis to assist the company as executive vice president.

Effective the same date, Richard R. Whitt, III will be promoted to senior vice president and chief financial officer.

Whitt joined Markel Corporation in 1991 in the corporate finance department and was promoted to controller in 1994. He served in that role until 2001 when he assumed the position of vice president, treasurer and controller. In 2003, Whitt joined Markel International in London as chief administrative officer.

Markel Corporation markets and underwrites specialty insurance products and programs for a variety of niche markets.