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Markel files for senior note offering

Markel Corp. has filed a prospectus supplement related to the offering of an undisclosed amount of its senior notes due 2029 and 2050.

Net proceeds from the offering will be used to fund the purchase of the existing notes pursuant to the previously announced tender offers and to pay related fees and expenses. If the tender offers are not completed, or if Markel purchases less than all of the existing notes in the tender offers, proceeds will be used to fund the redemption of any existing notes that remain outstanding after the tender offers and for general corporate purposes.

Wells Fargo Securities, Citigroup, J.P. Morgan and Barclays will serve as joint book-running managers.