Markel Authorizes Repurchase of $300 Million of Insurer's Stock

Nov. 21 (Bloomberg) -- Markel Corp., the insurer that bought Alterra Capital Holdings Ltd., authorized the repurchase of up to $300 million of its shares.

The insurer replaced a 2010 buyback program under which about $101 million of the company’s common stock was repurchased over the last three years, the Glen Allen, Virginia-based company said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Marci Jacobs in New York at mjacobs63@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net