Leucadia National (JEF 0.32%) and Markel (MKL -0.49%) are both often referred to as "baby Berkshires" -- but how are these two companies affected in a rising interest rate environment? 

In the following video, Motley Fool banking analysts Matt Koppenheffer and David Hanson answer a question from a viewer regarding the impacts of rising rates on the bond portfolios of insurances and which companies can successful navigate this environment.