Markel Corporation announced that Richard R. Whitt III, Co-Chief Executive Officer of Markel, plans to retire by March 31, 2023. Upon Mr. Whitt's retirement, Jeremy A. Noble, Senior Vice President and Chief Financial Officer, will assume responsibilities for leading Markel's global insurance platform, consisting of insurance, reinsurance, program services and insurance linked securities businesses. After stepping down, Mr. Whitt will remain with the Company in a consulting role to ensure a seamless transition.

Mr. Tom Gayner will become Chief Executive Officer responsible for holding company strategy and oversight of Markel's three profit producing engines of insurance, investments and Markel Ventures. He also will continue in his role as the chief investment officer of Markel. Mr. Noble has more than 20 years of experience and has held multiple roles of increasing leadership at Markel before becoming Chief Financial Officer in 2018, including Finance Director, Markel International; Managing Director, Internal Audit; and Assistant Controller.