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MARKEL ANNOUNCES SALE OF GOVERNMENTAL PROGRAMS DIVISION

 MARKEL ANNOUNCES SALE OF GOVERNMENTAL PROGRAMS DIVISION
 RICHMOND, Va., Jan. 17 /PRNewswire/ -- Markel Corporation


(NASDAQ-NMS: MAKL) announced today that it has sold its Governmental Programs Division to Rollins Specialty Group, Inc., a subsidiary of Aon Corporation (NYSE: AOC).
 As a result of the transaction, Markel will recognize an after-tax gain of approximately $13.8 million, or $2.59 per common share, and expects to reduce debt in the first quarter of 1992.
 The sale of the Governmental Programs Division is consistent with the Company's strategy of concentrating its efforts on earning underwriting profits. Alan I. Kirshner, Chairman of Markel, said "while the Governmental Programs Division has been a great brokerage business for Markel, the sale allows Markel to realize its full value and focus our energy on being great underwriters."
 Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value.
 -0- 1/17/92
 /CONTACT: Steven A. Markel, Markel Corporation, 804-965-1675/
 (MAKL AOC) CO: Markel Corporation; Rollins Speciality Group, Inc.; Aon Corporation ST: Virginia IN: INS SU: TNM


JM -- CH006 -- 1029 01/17/92 13:32 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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