Markel Chairman Steve Markel to Retire and Will Be Succeeded by Tom Gayner

Markel Group announced Chairman Steve Markel will retire and will not seek re-election to the board at the 2027 annual meeting, capping more than 50 years of service. Effective immediately, CEO Tom Gayner was appointed to the additional role of Chairman. Simon Wilson and Andrew Crowley were promoted from Executive Vice Presidents to Co-Presidents of Markel Group, with Wilson serving as CEO of Markel Insurance and Crowley as CEO of Markel Ventures. The board also established a Leadership Council consisting of the Lead Independent Director, the Chairman-CEO, and the Co-Presidents to coordinate on strategy, performance, and capital allocation.

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