Exhibit 21

LIST OF VALIDUS HOLDINGS, LTD. SUBSIDIARIES*	JURISDICTION
Validus Holdings, Ltd.	Bermuda
Validus Reinsurance, Ltd.	Bermuda
Validus Research Inc.	Ontario
Validus Specialty, Inc.	Delaware
Validus Reaseguros, Inc.	Florida
Validus Services, Inc.	Delaware
Validus Underwriting Risk Services, Inc.	Delaware
Talbot Holdings Ltd.	Bermuda
Talbot 2002 Underwriting Capital Ltd.	UK
Talbot Insurance (Bermuda) Ltd.	Bermuda
Talbot Underwriting Holdings Ltd.	UK
Talbot Underwriting Ltd.	UK
Talbot Risk Services Pte Ltd.	Singapore
Talbot Underwriting Services Ltd.	UK
Underwriting Risk Services Ltd.	UK
Talbot Risk Services Italia SRL	Italy

* All subsidiaries are, directly or indirectly, wholly-owned subsidiaries.