Markel Corporation http://www.alacrastore.com/company-snapshot/Markel_Corporation-1010510 Tuesday, October 14, 2008 6:06:12 AM 1010510 Markel Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/441966_pr_framefitch/441966_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Associated International Insurance CompanyDeerfield Insurance CompanyEssex Insurance Company, Inc.Evanston Insurance CompanyMarkel American Insurance CompanyMarkel CorporationMarkel Insurance CompanyMarkel International Insurance Co Ltd800911078009110880091109800911108009111180091332800916438009164410/3/2008 6:33:00 PM010100000101030885Press ReleaseMKL441966_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/bir/64999bir/64999normMarkel Corp.Markel Service Inc.Gryphon Holdings Inc.Gyphon Insurance Group Inc.United StatesInsurance: Specialty property and casualty insurance underwriter.633163516719524126551112217FMMKL9/30/2008 6:14:12 AM64999Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/ccbn/B1912719ccbn/B1912719norm...Due to increased competition in all of Co.'s markets, #H## gross premium volume decreased #% to about $#.#b.... 8/5/2008 3:07:04 PMMarkel Corporation106.0000EditedQ2 2008 Markel Corporation Earnings Conference Call SummaryMKL10:30am ETBriefB1912719Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1912719ccbn/T1912719norm...Greetings, ladies and gentlemen, and welcome to the Markel Corp. second-quarter #### earnings conference call. (Operator Instructions). As a reminder this conference is being recorded. It is now my pleasure to introduce your host, Mr. Steve Markel, Vice Chairman for Markel Corporation. Thank you. Mr. Markel, you may now begin. ... 8/5/2008 2:22:53 PMMarkel Corporation106.0000FinalQ2 2008 Markel Corporation Earnings Conference Call TranscriptMKL10:30am ETTranscriptT1912719Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/MCOM-0004-27177684newstex/MCOM-0004-27177684xml Aug. #, #### (M# Communications Ltd. delivered by Newstex) -- Markel Corporation (NYSE: MKL), a company that markets and underwrites specialty insurance products and programmes, disclosed on # August its diluted net income for the second...0400000004016000040160180401600304006000040060068/5/2008 11:19:35 AM1800000018004000M2 EquityBitesMCOM-0004-27177684MARKEL CORPMARKEL CORPORATIONMKLMKVNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27156217newstex/PRN-0005-27156217xml RICHMOND, Va., Aug. #, #### (PRNewswire-FirstCall delivered by Newstex) -- Markel Corporation (NYSE: MKL) reported diluted net income per share of $#.## for the quarter ended June ##, #### compared to $##.## for the second quarter of...04000000040060000400600604016000040160188/4/2008 5:19:00 PM180000001800400018008000PR Newswire USPRN-0005-27156217MARKEL CORPMARKEL CORPORATIONALAN I KIRSHNERMKLMKVNewsNewstexhttp://www.alacrastore.com/storecontent/spcred/658676spcred/658676normThe latest Full Report from S&Pglobal7/9/2008 1:04:47 PM400Full Report658676United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceFull ReportStrong competitive position in excess and surplus and specialty admitted lines of business. Strong operating performance led by Markel North America. Significant deleveraging of Markel's balance sheet strengthened its financial flexibility. Improved enterprise risk management, specifically in catastrophe risk management. Markel's international operations are good, but not as strong as the North American operations. Potential for adverse reserve development on legacy reserves. Aggressive investment strategy. The counterparty credit rating on Markel Corp. (NYSE: MKL) is based on the company's strong competitive position in the excess and surplus (E&S) and specialty admitted lines of business, and its strong operating performance led by Markel North America (MNA). Other strengths include significant deleveraging of the balance sheet and improved enterprise risk management, specificallyUSA57053540301040 403010 4030 40Markel Corp.119613USAMKLFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/658680spcred/658680normThe latest Summary from S&Pglobal7/9/2008 1:04:47 PM175Summary658680United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceSummaryThe counterparty credit rating on Markel Corp. (NYSE: MKL) is based on the company's strong competitive position in the excess and surplus (E&S) and specialty admitted lines of business, and its strong operating performance led by Markel North America (MNA). Other strengths include significant deleveraging of the balance sheet and improved enterprise risk management, specifically in catastrophe risk management. Partially offsetting these strengths are Markel's international (MINT) operations' performance (which is good, but not as strong as its North American operations), the potential for adverse reserve development on legacy reserves, and an aggressive investment strategy. Markel has a strong competitive position as a specialty underwriter focusing on hard-to-place risks and benefiting from extensive knowledge and expertise in various specialty nicheUSA57053540301040 403010 4030 40Markel Corp.119613USAMKLSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/657297spcred/657297normThe latest News from S&Pglobal7/1/2008 1:21:04 PM100News657297United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceNewsNEW YORK (Standard&Poor's) July 1, 2008--Standard&Poor's Ratings Services said today it has raised its counterparty credit rating on Markel Corp. (NYSE: MKL) to 'BBB' from 'BBB-'. The outlook is stable. The upgrade is based on Markel's strong competitive position in excess and surplus (E&S) and specialty admitted lines of business, strong operating performance led by Markel North America (MNA), significant deleveraging of the balance sheet, and improved enterprise risk management, specifically in catastrophe risk management. Partially offsetting these strengths are Markel's international (MINT) operations' performance (which is good, but not as strong as its North American operations), the potential for adverse reserve development on legacy reserves, and an aggressive investment strategy. "Markel has a strong competitiveUSA57053540301040 403010 4030 40Markel Corp.119613USAMKLNEWSGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/657298spcred/657298normThe latest Research Update from S&Pglobal7/1/2008 1:21:04 PM175Research Update657298United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceResearch UpdateOn July 1, 2008, Standard&Poor's Ratings Services raised its counterparty credit rating on Markel Corp. (NYSE: MKL) to 'BBB' from 'BBB-'. The outlook is stable. The upgrade is based on Markel's strong competitive position in excess and surplus (E&S) and specialty admitted lines of business, strong operating performance led by Markel North America (MNA), significant deleveraging of the balance sheet, and improved enterprise risk management, specifically in catastrophe risk management. Partially offsetting these strengths are Markel's international (MINT) operations' performance (which is good, but not as strong as its North American operations), the potential for adverse reserve development on legacy reserves, and an aggressive investment strategy. Markel has a strong competitive position as a specialty underwriter focusing onUSA57053540301040 403010 4030 40Markel Corp.119613USAMKLRESUPDGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_155158_600059937moodys/PR_155158_600059937htmlGlobal Credit Research Rating Action ## MAY #### Rating Action: Markel Corporation Moody's upgrades Markel's ratings Approximately $### million in debt securities affected. New York, May ##, #### -- Moody's Investors Service announced...5/13/2008 12:31:43 AMhtmlMarkel CorporationMarkel Insurance CompanyMarkel American Insurance CompanyEvanston Insurance CompanyEssex Insurance CompanyEssex Insurance Company; Evanston Insurance Company; ...600059937600059175600059173600059172600059171150.0000NewsRating ActionPR_155158_600059937Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_108912moodys/PBC_108912pdf...Markel Corporation (NYSE: MKL) is an insurance holding co mpany based in Glen Allen, VA and is the #th largest Excess & Surplus ( E&S ) carrier in the United States. The group underwrites property, casualty and specialty insurance products and programs to a variety of niche markets. For ####, Markel reported net written premiu ms of $#.# billion and net income of $### million. As of December ##, ####, shareholders' equity was $#.# billion. Markel s US-based insurance subsidiari es underwrite specialty property and casualty insurance programs through wh olesale brokers and agents, competing primarily in the E&S and Specialty Admitted segments. Markel's London Insurance Market segment underwrites through Markel Capital Limited and Markel International Insurance Company Limited (formerly Terra Nova Insurance Company). Markel Capital Limited is the corporate capital provider for Markel's Lloyd's syndicate, Markel Syndicate ####, which is managed by Markel Syndicate Management... 5/5/2008 4:17:04 PMpdfMarkel CorporationMarkel Corporation600059937550.0000SpecialReportCompany ProfilePBC_108912Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1795973ccbn/T1795973norm...Greetings, ladies and gentlemen, and welcome to the Markel Corporation first quarter #### earnings conference call. (OPERATOR INSTRUCTIONS.) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Steve Markel. Thank you, Mr. Markel. You may begin. ... 5/1/2008 4:08:00 PMMARKEL CORP54.0000FinalQ1 2008 MARKEL CORP Earnings Conference Call TranscriptMKL10:30am ETTranscriptT1795973Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/B1795973ccbn/B1795973norm...#Q## was challenging as the insurance marketplace continues to be competitive. www.streetevents.comContact Us ... 5/1/2008 2:06:00 PMMARKEL CORP54.0000EditedQ1 2008 MARKEL CORP Earnings Conference Call SummaryMKL10:30am ETBriefB1795973Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/641041spcred/641041normThe latest Full Report from S&P4/4/2008 3:47:28 PMFull Report400global641041United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceFull ReportStrong competitive position in excess and surplus (E&S) and specialty admitted lines of business. Strong operating performance. Geographic diversification, with operations in the U.S. and Europe. Strong customer service and underwriting capabilities. Improved catastrophe risk management. Improved financial leverage. Markel's international operations are good, but not as strong as the North American operations. Possible integration risk from potential acquisitions. Potential for adverse reserve development on legacy reserves. The counterparty credit rating on Markel Corp. (Markel) reflects its strong competitive position, strong operating performance, geographic diversification, strong underwriting and customer-service capabilities, improved catastrophe risk management, and improved financial leverage. Partially offsetting these strengths are good performance in Markel's international operations, but not as strong as its North American operations, possible integrationUSA57053540301040 403010 4030 40Markel Corp.119613USAMKLFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/641045spcred/641045normThe latest Summary from S&P4/4/2008 1:25:41 PMSummary175global641045United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceSummaryThe counterparty credit rating on Markel Corp. (Markel) reflects its strong competitive position, strong operating performance, geographic diversification, strong underwriting and customer-service capabilities, improved catastrophe risk management, and improved financial leverage. Partially offsetting these strengths are good performance in Markel's international operations, but not as strong as its North American operations, possible integration risk from potential acquisitions, and the potential for adverse reserve development on legacy reserves. Markel's core strength is its strong operations in the U.S. E&S and specialty admitted markets. Markel is one of the leading E&S carriers in the U.S. and has a strong track record in this market. Its operating performance in the U.S. E&S market has been very strong, with combined ratios of 82.2%, 77.5%,USA57053540301040 403010 4030 40Markel Corp.119613USAMKLSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_105995moodys/PBC_105995pdf...Markel Corporation (NYSE: MKL) is an insurance holding co mpany based in Glen Allen, VA and is the #th largest E&S carri er in the United States. The group underwrites property, casualty and specialty insurance products and programs to a variety of niche markets. For ####, Markel reported net written premiu ms of $#.# billion and net income of $### million. As of December ##, ####, shareholders' equity was $#.# billion. Markel s US-based insurance subsidiari es underwrite specialty property and casualty insurance programs through wh olesale brokers and agents, competing primarily in the Excess & Surplus ( E&S ) and Specialty Admitted segments. Markel's London Insurance Market segment underwrites through Markel Capital Limited and Markel International Insurance Company Limited (formerly Terra Nova Insurance Company). Markel Capital Limited is the corporate capital provider for Markel's Lloyd's syndicate, Markel Syndicate ####, which is managed by Markel Syndicate Management... Company Profile3/30/2008 8:45:32 PMMarkel Corporation600059937550.0000SpecialReportpdfMarkel CorporationPBC_105995Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1746140ccbn/T1746140norm1/25/2008 5:05:00 PMMARKEL CORP54.0000FinalQ4 2007 MARKEL CORP Earnings Conference Call TranscriptMKL10:30am ET...Greetings ladies and gentlemen and welcome to the Markel Corporation fourth-quarter #### earnings conference call. At this time all participants are in a listen-only mode and a brief question-and-answer session will follow the formal presentation. (OPERATOR INSTRUCTIONS). As a reminder this conference is being recorded. It is now my pleasure to introduce to your host, Mr. Steve Markel, Vice Chairman for Markel Corporation. Thank you, Mr. Markel, you may now begin. ... TranscriptT1746140Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/B1746140ccbn/B1746140norm1/25/2008 3:05:00 PMMARKEL CORP54.0000EditedQ4 2007 MARKEL CORP Earnings Conference Call SummaryMKL10:30am ET...This was primarily due to competition in US and international Professional Liability and Casualty line, and certain Property lines. ... BriefB1746140Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/COP_600059937moodys/COP_600059937htmlGlobal Credit Research Credit Opinion ## MAY #### Credit Opinion: Markel Corporation Markel Corporation Glen Allen, Virginia, United States Ratings Category Moody's Rating Rating Outlook STA Senior Unsecured Baa# Rated Intercompany...1/4/2008 2:20:00 AMhtmlMarkel CorporationMarkel Corporation600059937150.0000NewsCredit OpinionCOP_600059937Credit & Investment ResearchMoody's Global Credit Research