Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment


               of Certain Officers; Compensatory Arrangements of Certain Officers.


Appointment of Mark M. Besca to the Board of Directors and its Audit Committee
On November 18, 2020, Markel Corporation (the Company) announced the appointment
of Mark M. Besca to the Company's Board of Directors (the Board), effective
November 18, 2020. Mr. Besca also has been appointed to serve on the Board's
Audit Committee effective on the same day.
Mr. Besca serves as a consultant to EY (formerly Ernst & Young, LLP) having
retired from EY in June 2020 after a 42-year career with the multinational
professional services firm. He served as the leader of EY's Long-Term Value and
Stakeholder Capitalism initiative from 2018 until his retirement. From 2012 to
2018, Mr. Besca served as Managing Partner of EY's New York office. From 2009 to
2011, he served as Northeast Managing Partner of the Assurance and Advisory
Business. In addition, from 1992 until his retirement, Mr. Besca served as lead
and senior advisory audit partner of Fortune 500 companies in the Media and
Entertainment, Consumer Products and Airline industries.
Mr. Besca will participate in the Company's compensation programs for
non-employee directors. At present, in May of each year, each non-employee
director is paid an annual retainer fee of $95,000 (payable in cash, Company
stock, or a combination thereof) and reimbursement of expenses incurred in
connection with attending Board meetings, and receives an annual grant of
approximately $125,000 in restricted shares of Company common stock. In
connection with his appointment to the Board effective November 18, 2020, Mr.
Besca will receive a pro rata (i) retainer fee of $47,500 and (ii) grant of
approximately $62,500 in restricted stock.
As a non-employee director, Mr. Besca also will be eligible to participate in
the non-qualified component of the Company's 2020 Employee Stock Purchase Plan.
Participating directors are entitled to purchase the Company's common stock at
90% of the closing price on the purchase date, subject to certain conditions and
limitations.
A copy of the press release announcing Mr. Besca's appointment is furnished as
Exhibit 99.1.


                 Item 9.01   Financial Statements and Exhibits.


Exhibit No.                    Description
99.1                             Press Release issued November 18, 2020 (Besca Appointment)
                               Cover Page Interactive Data File (embedded within the Inline XBRL
104                            document)




                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses