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

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.

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