EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the common shares of Validus Holdings Ltd. and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filing.  In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of February __, 2010.

	BANK OF AMERICA CORPORATION
By:	/s/ Debra I. Cho                                                    Name: Debra I. Cho Title:   Senior Vice President

	MERRILL LYNCH & CO., INC
By:	/s/ Lawrence Emerson                                             Name: Lawrence Emerson Title:   Authorized Signatory

	MERRILL LYNCH GROUP, INC.
By:	/s/ Jonathan N. Santelli                                            Name: Jonathan N. Santelli Title:   Authorized Signatory

	MERRILL LYNCH GP INC.
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

	ML GLOBAL PRIVATE EQUITY PARTNERS, L.P. By: Merrill Lynch GP, Inc., its general partner
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

 CUSIP No.  BMG9319H1025

	MLGPE LTD.
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

	ML GLOBAL PRIVATE EQUITY FUND, L.P. By:  MLGPE Ltd., its general partner
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

	MERRILL LYNCH VENTURES, LLC
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

	MERRILL LYNCH VENTURES L.P. 2001 By:  Merrill Lynch Ventures, LLC, its general partner
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
By:	/s/ Lawrence Emerson                                             Name: Lawrence Emerson Title:   Authorized Signatory

	GMI INVESTMENTS, INC.
By:	/s/ Melanie G. Marino                                            Name: Melanie G. Marino Title:   Assistant Secretary

 CUSIP No.  BMG9319H1025

	BANK OF AMERICA, NATIONAL ASSOCIATION
By:	/s/ Debra  Cho                                                            Name: Debra Cho Title:   Senior Vice President

	BANC OF AMERICA INVESTMENT ADVISORS, INC.
By:	/s/ Jeffrey Cullen                                                         Name: Jeffrey Cullen Title:   Vice President

	MERRILL LYNCH BANK & TRUST CO., FSB
By:	/s/ Jennifer Marre                                                     Name: Jennifer Marre Title:   Corporate Secretary

	COLUMBIA MANAGEMENT ADVISORS, LLC
By:	/s/ Robert McConnaughey                                       Name: Robert McConnaughey Title:   Principal

	BANC OF AMERICA SECURITIES LLC
By:	/s/ Adam Strouse                                                         Name: Adam Strouse Title:   Attorney-In-Fact

	MERRILL LYNCH INTERNATIONAL
By:	/s/ Sajjad Rashid                                                         Name: Sajjad Rashid Title:    Chief Operating Officer, EMEA