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Valid us underwriting risk services

Valid us underwriting risk services portfolio of changing financial market

December 22, 2008 09:00 AM Eastern Standard Time

HAMILTON, Bermuda–( BUSINESS WIRE )–Validus Holdings, Limited. (New york stock exchange:VR) announced today that it’s expanding its business into Technical Lines Property insurance through the development of Validus Underwriting Risk Services Corporation. (&#8220VURS&#8221), a managing general agency located in New You are able to. David Hawksby continues to be hired Ceo of VURS and will also be became a member of by a small group of specialist underwriters and engineers who plan to underwrite with respect to Validus’ London-based subsidiary Talbot Underwriting Limited. through its Lloyd’s Syndicate 1183 along with other insurance providers, susceptible to your application of Lloyd’s and also the Fsa.

David Hawksby joins Validus from American Worldwide Group, where he was President from the Global Energy Division Of Property accountable for handling all Technical Lines business. Throughout a 31 year insurance career, he’s held a number of more and more senior roles and it is broadly recognized among the best underwriters within the Technical Lines sector.

Commenting on his new appointment, David Hawksby stated: ‘‘I expect to joining Validus to build up the onshore Technical Lines account on the worldwide basis by presenting greater scale to particular products designed in the audience.Inch

George Reeth, Deputy Chairman and President of Validus Holdings, Limited. commented: &#8220We are content to welcome David Hawksby and the team towards the Validus group. Their extensive industry experience, understanding, and client relationships are an essential accessory for our comprehensive global products in a nutshell tail lines of insurance and reinsurance.

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This startup company demonstrates Validus’ dedication to expanding global distribution channels and our capability to develop start up business possibilities.”

About Validus Holdings, Limited.

Validus Holdings, Limited. is really a provider of reinsurance and insurance, performing its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Limited. (&#8220Validus Re&#8221) and Talbot Holdings Limited. (&#8220Talbot&#8221). Validus Re is really a Bermuda based reinsurer centered on short-tail lines of reinsurance. Talbot may be the Bermuda parent from the niche insurance group mainly operating inside the Lloyd’s insurance market through Syndicate 1183. To learn more about (New york stock exchange: VR) Validus Holdings, Limited. visit our website at world wide web.validusre.bm

Cautionary Note Regarding Forward-Searching Statements

All forward-searching statements address matters which involve risks and uncertainties. Accordingly, you will find or will become important factors that may cause actual leads to differ materially from individuals suggested for such statements and, furthermore, you shouldn’t place undue reliance upon such statements. This release can include forward-searching statements, both regarding us and our industry, that reflect our current views regarding future occasions and financial performance. Statements which include the language &#8220expect,&#8221 &#8220intend,&#8221 &#8220plan,&#8221 &#8220believe,&#8221 &#8220project,&#8221 &#8220anticipate,&#8221 &#8220will,&#8221 &#8220may&#8221 and other alike statements of the future or forward-searching nature identify forward-searching statements.

Valid us underwriting risk services response to any

We feel these factors include, but aren’t restricted to, the next: 1)&#160unpredictability and harshness of catastrophic occasions 2)&#160rating agency actions 3)&#160adequacy in our risk management and loss limitation methods 4)&#160cyclicality of demand and prices within the insurance and reinsurance markets 5)&#160our limited operating history 6)&#160our capability to effectively implement our business strategy during &#8220soft&#8221 in addition to &#8220hard&#8221 markets 7)&#160adequacy in our loss reserves 8)&#160continued accessibility to capital and financing 9)&#160retention of key personnel 10)&#160competition 11)&#160potential lack of business from a number of major insurance or reinsurance brokers 12)&#160our capability to implement, effectively as well as on a prompt basis, complex infrastructure, distribution abilities, systems, procedures and internal controls, and also to develop accurate actuarial data to aid the company and regulatory and reporting needs 13)&#160general economic and market conditions (including inflation, rates of interest and forex forex rates) 14)&#160the integration of Talbot or any other companies we might acquire or start up business ventures we might start 15)&#160the impact on our investment portfolio of altering financial market conditions including inflation, rates of interest, liquidity along with other factors 16)&#160acts of terrorism or outbreak of war and 17)&#160availability of reinsurance and retrocessional coverage.

This overview of key elements shouldn’t be construed as exhaustive and really should be read with the other cautionary statements which are incorporated herein or elsewhere, such as the Risks incorporated within our newest reports on Form&#16010-K and Form&#16010-Q along with other documents on record using the U.S. Registration, in addition to management’s reaction to the aforementioned factors. Any forward-searching statements produced in this release are qualified by these cautionary statements, and there might be no assurance the actual results or developments anticipated by us is going to be recognized or, even when substantially recognized, that they’ll have the expected effects to, or effects on, us or our business or operations. We undertake no obligation to update openly or revise any forward-searching statement, whether because of new information, future developments or else.

Contacts

Investors:
Validus Holdings, Limited.
Jon Levenson, Senior V . P .
+1-441-278-9000
or
Media:
Sard Verbinnen Co
Jamie Tully/Jonathan Doorley
+1-212-687-8080
or
College Hill
Roddy Watt/Tony Friend
+44 ()20 7457 2020


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