MARKEL CORPORATION (a Virginia corporation) $100,000,000 5.000% Senior Notes due 2046 UNDERWRITING AGREEMENTUnderwriting Agreement • May 10th, 2016 • Markel Corp • Fire, marine & casualty insurance • New York
From time to time Markel Corporation, a Virginia corporation (the “Company”), proposes to enter into one or more Pricing Agreements (each a “Pricing Agreement”) to be attached as Annex I hereto, subject to the terms and conditions stated herein and therein, to issue and sell to the firm or firms named in Schedule I to the applicable Pricing Agreement (such firm or firms constituting the “Underwriters” with respect to such Pricing Agreement and the securities specified therein) certain of its debt securities (the “Securities”), specified in Schedule II to such Pricing Agreement (with respect to such Pricing Agreement, the “Firm Securities”). To the extent there are no additional Underwriters listed on Schedule I other than you, the terms “Representatives” and “Underwriters” as used herein shall mean Wells Fargo Securities, LLC as the sole Underwriter. If specified in such Pricing Agreement, the Company may grant to the Underwriters the right to purchase at their election an additional a
