Validus Holdings, Ltd. Announces Increase in Common Share Repurchase Authorization to $500 Million

  Validus Holdings, Ltd. Announces Increase in Common Share Repurchase
  Authorization to $500 Million

Business Wire

PEMBROKE, Bermuda -- November 4, 2013

Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE:VR) announced today
that its Board of Directors has authorized an increase in the Company’s common
share repurchase authorization to $500.0 million.

Jeff Sangster, Validus’ Chief Financial Officer, commented: “The increase in
Validus’ common share repurchase authorization to $500 million is an
affirmation of our commitment to return excess capital to shareholders. This
authorization gives us the flexibility to manage capital prudently as
conditions warrant.”

The Company expects the repurchases to be made from time to time in the open
market or in privately negotiated transactions. The timing, form and amount of
the share repurchases under the program will depend on a variety of factors,
including market conditions, the Company’s capital position relative to
internal and rating agency targets, legal requirements and other factors. The
repurchase program may be modified, extended or terminated by the Board at any

About Validus Holdings, Ltd.

Validus Holdings, Ltd. is a provider of reinsurance, insurance, and insurance
linked securities management operating through three primary segments, Validus
Reinsurance, Ltd., Talbot Holdings Ltd. and AlphaCat Managers, Ltd. Validus
Reinsurance, Ltd. (“Validus Re”) is a Bermuda based reinsurer focused on short
tail lines of reinsurance. Talbot Holdings Ltd. (“Talbot”) is the Bermuda
parent of the specialty insurance group primarily operating within the Lloyd's
insurance market through Syndicate 1183. AlphaCat Managers, Ltd. (“AlphaCat”)
is a Bermuda based investment adviser managing capital for third parties and
the Group in insurance linked securities and other property catastrophe
reinsurance investments.

Cautionary Note Regarding Forward-Looking Statements

This press release may include forward-looking statements, both with respect
to the Company and its industry, that reflect our current views with respect
to future events and financial performance. Statements that include the words
"expect", "intend", "plan", "believe", "project", "anticipate", "will", "may"
and similar statements of a future or forward-looking nature identify
forward-looking statements. All forward-looking statements address matters
that involve risks and uncertainties, many of which are beyond the Company's
control. Accordingly, there are or will be important factors that could cause
actual results to differ materially from those indicated in such statements
and, therefore, you should not place undue reliance on any such statements. We
believe that these factors include, but are not limited to, the following: 1)
unpredictability and severity of catastrophic events; 2) rating agency
actions; 3) adequacy of Validus' risk management and loss limitation methods;
4) cyclicality of demand and pricing in the insurance and reinsurance markets;
5) statutory or regulatory developments including tax policy, reinsurance and
other regulatory matters; 6) Validus' ability to implement its business
strategy during "soft" as well as "hard" markets; 7) adequacy of Validus' loss
reserves; 8) continued availability of capital and financing; 9) retention of
key personnel; 10) competition; 11) potential loss of business from one or
more major insurance or reinsurance brokers; 12) Validus' ability to
implement, successfully and on a timely basis, complex infrastructure,
distribution capabilities, systems, procedures and internal controls, and to
develop accurate actuarial data to support the business and regulatory and
reporting requirements; 13) general economic and market conditions (including
inflation, volatility in the credit and capital markets, interest rates and
foreign currency exchange rates); 14) the integration of businesses Validus
may acquire or new business ventures Validus may start; 15) the effect on
Validus' investment portfolios of changing financial market conditions
including inflation, interest rates, liquidity and other factors; 16) acts of
terrorism or outbreak of war; and 17) availability of reinsurance and
retrocessional coverage, as well as management's response to any of the
aforementioned factors.

The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the risk factors
included in Validus' most recent reports on Form 10-K/A and Form 10-Q and
other documents of the Company on file with or furnished to the U.S.
Securities and Exchange Commission (“SEC”). Any forward-looking statements
made in this press release are qualified by these cautionary statements, and
there can be no assurance that the actual results or developments anticipated
by Validus will be realized or, even if substantially realized, that they will
have the expected consequences to, or effects on, Validus or its business or
operations. Except as required by law, the Company undertakes no obligation to
update publicly or revise any forward-looking statement, whether as a result
of new information, future developments or otherwise.


Validus Holdings, Ltd.
Brunswick Group
Radina Russell / Beau Allen
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