SEC and DOJ close investigations into Markel CATCo without enforcement action

MARKEL GROUP INC.

SEC notified Markel on Sept 27, 2021 that it concluded investigation and will not recommend enforcement.
DOJ advised on Sept 28, 2021 that it concluded investigation and will not take action against MCIM.
Inquiries were into loss reserves recorded in late 2017/early 2018 at Markel CATCo Re Ltd.
Internal review completed in April 2019 found no evidence of bad faith by MCIM personnel.
BMA has had no pending requests for over a year; company kept them informed.

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