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MARKEL CORPORATION FILES REGISTRATION STATEMENT WITH SEC

 RICHMOND, Va., July 16 /PRNewswire/ -- Markel Corporation (NASDAQ-NMS: MAKL) announced today that it had filed a registration statement with the Securities and Exchange Commission covering up to $100 million of debt securities. The company anticipates utilizing approximately $75 million of the securities being registered to refinance existing debt at current interest rates. The remainder of the securities would be available for issuance at a future time for general corporate purposes. The offering of the securities may be made through underwriters or directly to investors and anticipated to be completed after the registration statement is declared effective.
 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.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 7/16/93
 /CONTACT: Steven A. Markel of Markel Corporation, 804-965-1675/
 (MAKL)


CO: Markel Corporation ST: Virginia IN: INS SU:

KD-MH -- DC016 -- 2466 07/16/93 12:24 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
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