Markel German Insurance Company Gains S&P A Rating

RICHMOND, Virginia, Sept. 28 -- Markel, a financial holding company, issued the following news release:

Markel Corporation (NYSE: MKL) announced today that its recently licensed German insurance company, Markel Insurance SE (MISE), has been given an A financial strength rating by S&P.

MISE has been established to meet the insurance needs of clients located or with risk exposures in the European Economic Area (EEA) following Brexit, the United Kingdom's exit from the European Union.

The rating matches that for Markel International Insurance Company Limited, the company used for insuring such risks prior to Brexit.