-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KD4h1te6SX1evCLly00qQDvCyTQ2nthjD7md3mxIxjQ8fh9JVkwIOEx9ilaremt6
 MJN8bsr0/gAZpYW0pBJPCw==

<SEC-DOCUMENT>0001181431-11-005966.txt : 20110131
<SEC-HEADER>0001181431-11-005966.hdr.sgml : 20110131
<ACCEPTANCE-DATETIME>20110131131706
ACCESSION NUMBER:		0001181431-11-005966
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101223
FILED AS OF DATE:		20110131
DATE AS OF CHANGE:		20110131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Greenberg Jeffrey W.
		CENTRAL INDEX KEY:			0001407193

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		11558720

	MAIL ADDRESS:	
		STREET 1:		C/O VALIDUS RE
		STREET 2:		48 PAR-LA-VILLE ROAD, SUITE 1790
		CITY:			HAMILTON HM11
		STATE:			D0
		ZIP:			HM11

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALIDUS HOLDINGS LTD
		CENTRAL INDEX KEY:			0001348259
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000

	BUSINESS ADDRESS:	
		STREET 1:		29 RICHMOND ROAD
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			HMO8
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		29 RICHMOND ROAD
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			HMO8
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd299124.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-12-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001348259</issuerCik>
        <issuerName>VALIDUS HOLDINGS LTD</issuerName>
        <issuerTradingSymbol>VR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407193</rptOwnerCik>
            <rptOwnerName>Greenberg Jeffrey W.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>535 MADISON AVENUE, 24TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <transactionDate>
                <value>2010-12-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>404660</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4015760</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <transactionDate>
                <value>2010-12-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>225739</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>30.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2240183</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The transactions reported herein represent sales to Validus Holdings, Ltd. (the &quot;Issuer&quot;) pursuant to a Repurchase Agreement that the Issuer, Aquiline Financial Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. entered into as of November 4, 2010.</footnote>
        <footnote id="F2">These shares are held by Aquiline Financial Services Fund L.P.</footnote>
        <footnote id="F3">These shares are held by Aquiline Financial Services Fund (Offshore) L.P.</footnote>
        <footnote id="F4">The investment manager of each of Aquiline Financial Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. is Aquiline Capital Partners LLC.  The sole member of Aquiline Capital Partners LLC is Aquiline Holdings LLC.  The sole member of Aquiline Holdings LLC is Aquiline Holdings LP.  The general partner of Aquiline Holdings LP is Aquiline Holdings GP Inc.  The sole stockholder of Aquiline Holdings GP Inc. is Jeffrey W. Greenberg.  Mr. Greenberg also serves as a managing principal of Aquiline Capital Partners LLC.</footnote>
    </footnotes>

    <remarks>Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the &quot;Act&quot;), Mr. Greenberg may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed to be an admission that Mr. Greenberg is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.</remarks>

    <ownerSignature>
        <signatureName>/s/ Jeffrey W. Greenberg</signatureName>
        <signatureDate>2011-01-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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