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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 B1U+BXC77PAzINcpeHG1nUrVo9r7lejfm732OPDzit+vhGVdKHrqhZ735VltfSKS
 aF1fX06PTLkkYLt3lrASJw==

<SEC-DOCUMENT>0000903423-09-000582.txt : 20090619
<SEC-HEADER>0000903423-09-000582.hdr.sgml : 20090619
<ACCEPTANCE-DATETIME>20090619165131
ACCESSION NUMBER:		0000903423-09-000582
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090528
FILED AS OF DATE:		20090619
DATE AS OF CHANGE:		20090619

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:		19 PAR-LA-VILLE ROAD
		CITY:			HAMILTON HM11 BERMUDA
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		441-278-9000

	MAIL ADDRESS:	
		STREET 1:		19 PAR-LA-VILLE ROAD
		CITY:			HAMILTON HM11 BERMUDA
		STATE:			D0
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BANK OF AMERICA CORP /DE/
		CENTRAL INDEX KEY:			0000070858
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33606
		FILM NUMBER:		09901862

	BUSINESS ADDRESS:	
		STREET 1:		BANK OF AMERICA CORPORATE CENTER
		STREET 2:		100 N TRYON ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255
		BUSINESS PHONE:		7043868486

	MAIL ADDRESS:	
		STREET 1:		BANK OF AMERICA CORPORATE CENTER
		STREET 2:		100 N TRYON ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255

	FORMER NAME:	
		FORMER CONFORMED NAME:	BANKAMERICA CORP/DE/
		DATE OF NAME CHANGE:	19981022

	FORMER NAME:	
		FORMER CONFORMED NAME:	NATIONSBANK CORP
		DATE OF NAME CHANGE:	19920703

	FORMER NAME:	
		FORMER CONFORMED NAME:	NCNB CORP
		DATE OF NAME CHANGE:	19920107
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>boavalidusf-4_0618ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000070858</rptOwnerCik>
            <rptOwnerName>BANK OF AMERICA CORP /DE/</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>100 N TRYON ST</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28255</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Put Option (right to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>22.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-05-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.6</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-05-28</value>
            </exerciseDate>
            <expirationDate>
                <value>2009-06-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10</value>
                    <footnoteId id="F6"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F8"/>
                    <footnoteId id="F9"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Put Option (right to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>22.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-05-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-05-28</value>
            </exerciseDate>
            <expirationDate>
                <value>2009-06-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F7"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F8"/>
                    <footnoteId id="F9"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 is being filed by Bank of America Corporation (&quot;BAC&quot;), a Delaware corporation and bank holding company registered
under the Bank Holding Company Act of 1956, on behalf of its subsidiaries.  BAC consummated a merger with
Merrill Lynch &amp; Co., Inc. (&quot;ML&amp;Co.&quot;) on January 1, 2009, after which ML&amp;Co. became a direct wholly-owned subsidiary of BAC.</footnote>
        <footnote id="F2">Transaction executed by the error correction section of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (&quot;MLPFS&quot;), a
 broker-dealer and subsidiary of BAC, to correct errors made in connection with trades made on behalf of clients of MLPFS.</footnote>
        <footnote id="F3">In connection with this transaction, BAC has agreed to voluntarily remit appropriate profits, if any, to Validus Holdings
 Ltd.  BAC disclaims that such transaction is subject to reporting under Section 16(a) or disgorgement under Section 16(b),
 and this report shall not be deemed an admission that those sections apply to such transaction.</footnote>
        <footnote id="F4">4,285,714 shares are owned directly by ML Global Private Equity Fund, L.P. (&quot;MLGPE&quot;), a partnership whose general partner is
 MLGPE Ltd., a wholly-owned subsidiary of ML Global Private Equity Partners, L.P. (&quot;MLGPELP&quot;), whose general partner is
 Merrill Lynch GP, Inc. (&quot;ML GP&quot;), a wholly-owned subsidiary of Merrill Lynch Group, Inc. (&quot;ML Group&quot;), which is a
 wholly-owned subsidiary of ML&amp;Co.</footnote>
        <footnote id="F5">1,428,571 shares are owned directly by Merrill Lynch Ventures L.P. 2001 (&quot;ML Ventures LP&quot;), a partnership whose general
 partner is Merrill Lynch Ventures, L.L.C. (&quot;ML Ventures LLC&quot;), a wholly-owned subsidiary of ML Group.</footnote>
        <footnote id="F6">10 put options are directly owned by MLPFS.</footnote>
        <footnote id="F7">0 put options are directly owned by MLPFS.</footnote>
        <footnote id="F8">Each of BAC, ML&amp;Co., MLGPE, MLGPE Ltd., MLGPELP, ML GP, ML Group, ML Ventures LP, ML Ventures LLC and MLPFS (collectively,
 the &quot;Reporting Persons&quot;) disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest
 therein.</footnote>
        <footnote id="F9">BAC may be deemed a director by virtue of the fact that an employee of an affiliate of BAC, Mandakini Puri, serves as a
 director of the Issuer.  Each of the Reporting Persons disclaims its possible status as director of the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ William Woo, Attoney-in-Fact for Bank of America</signatureName>
        <signatureDate>2009-06-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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