Exhibit 99.1

1. This statement is being filed by The Goldman Sachs Group, Inc. ("GS
Group"), Goldman, Sachs & Co. ("Goldman Sachs"), GSCP V AIV, L.P. ("GSCP V
AIV"), GS Capital Partners V Employee Fund, L.P. ("GSCP V Employee"), GS
Capital Partners V Offshore, L.P. ("GSCP V Offshore"), GS Capital Partners
V GmbH & Co. KG ("GSCP V Germany"), GSCP V Institutional AIV, L.P. ("GSCP V
Institutional"), GS Private Equity Partners 1999, L.P. ("PEP 1999"), GS
Private Equity Partners 1999 Offshore, L.P. ("PEP 1999 Offshore"), GS
Private Equity Partners 1999 -- Direct Investment Fund, L.P. ("PEP 1999
Direct"), GS Private Equity Partners 2000, L.P. ("PEP 2000"), GS Private
Equity Partners 2000 Offshore Holdings, L.P. ("PEP 2000 Offshore") and GS
Private Equity Partners 2000 -- Direct Investment Fund, L.P. ("PEP 2000
Direct" and, together with GSCP V AIV, GSCP V Employee, GSCP V Offshore,
GSCP V Germany, GSCP V Institutional, PEP 1999, PEP 1999 Offshore, PEP 1999
Direct, PEP 2000 and PEP 2000 Offshore, the "Limited Partnerships"), GS
Advisors V AIV, Ltd. ("GS Advisors V AIV"), GS Capital Partners V Employee
Funds GP, L.L.C. ("GSCP V Employee GP"), GS Advisors V, L.L.C. ("GS
Advisors V"), Goldman, Sachs Management GP GmbH ("GS Germany GP"), GS PEP
1999 Advisors, L.L.C. ("PEP 1999 GP"), GS PEP 1999 Offshore Advisors, Inc.
("PEP 1999 Offshore GP"), GS PEP 1999 Direct Investment Advisors, L.L.C.
("PEP 1999 Direct GP"), GS PEP 2000 Advisors, L.L.C. ("PEP 2000 GP"), GS
PEP 2000 Offshore Holdings Advisors, Inc., ("PEP 2000 Offshore GP") and GS
PEP 2000 Direct Investment Advisors, L.L.C. ("PEP 2000 Direct GP" and,
together with the Limited Partnerships, GS Group, Goldman Sachs, GS
Advisors V AIV, GSCP V Employee GP, GS Advisors V, GS Germany GP, PEP 1999
GP, PEP 1999 Offshore GP, PEP 1999 Direct GP, PEP 2000 GP and PEP 2000
Offshore GP, the "Reporting Persons").

3. Goldman Sachs and GS Group may be deemed to beneficially own indirectly,
in the aggregate, 14,057,137 common shares of Validus Holdings, Ltd. (the
"Issuer"), par value $ 0.175 per share (the "Common Shares"), and
1,604,410.1 warrants to purchase Common Shares ("Warrants") through the
Limited Partnerships, of which affiliates of Goldman Sachs and GS Group are
the general partner, managing general partner or managing limited partner.
Goldman Sachs is a direct and indirect wholly-owned subsidiary of GS Group.
Goldman Sachs is the investment manager of certain of the Limited
Partnerships. GS Group, Goldman Sachs and the Limited Partnerships share
voting power and investment power with certain of their respective
affiliates. Each of Goldman Sachs and GS Group disclaims beneficial
ownership of the securities reported herein, except to the extent of its
pecuniary interest therein, if any.

4. GSCP V AIV beneficially owns directly and its general partner, GS
Advisors V AIV, may be deemed to beneficially own indirectly 4,798,022
Common Shares and 638,459.4 Warrants. GSCP V Employee beneficially owns
directly and its general partner, GSCP V Employee GP, may be deemed to
beneficially own indirectly 1,550,787 Common Shares and 206,358.9 Warrants.
GSCP V Offshore beneficially owns directly and its general partner, GS
Advisors V, may be deemed to beneficially own indirectly 3,279,530 Common
Shares and 436,397.9 Warrants. GSCP V Germany beneficially owns directly
and its general partner, GS Germany GP, may be deemed to beneficially own
indirectly 251,708 Common Shares and 33,494.2 Warrants. GSCP V
Institutional beneficially owns directly and its general partner, GS
Advisors V AIV, may be deemed to beneficially own indirectly 2,177,093
Common Shares and 289,699.7 Warrants. PEP 1999 beneficially owns directly
and its general partner, PEP 1999 GP, may be deemed to beneficially own
indirectly 1,039,607 Common Shares. PEP 1999 Offshore beneficially owns
directly and its general partner, PEP 1999 Offshore GP, may be deemed to
beneficially own indirectly 166,143 Common Shares. PEP 1999 Direct
beneficially owns directly and its general partner, PEP 1999 Direct GP, may
be deemed to beneficially own indirectly 29,720 Common Shares. PEP 2000
beneficially owns directly and its general partner, PEP 2000 GP, may be
deemed to beneficially own indirectly 439,293 Common Shares. PEP 2000
Offshore beneficially owns directly and its general partner, PEP 2000
Offshore GP, may be deemed to beneficially own indirectly 154,627 Common
Shares. PEP 2000 Direct beneficially owns directly and its general partner,
PEP 2000 Direct GP, may be deemed to beneficially own indirectly 170,607
Common Shares. The number of Common Shares issuable upon exercise of the
Warrants as reported herein has been provided to the Reporting Persons by
the Issuer based on the Issuer's estimate of the total number of Common
Shares, Warrants and options to purchase Common Shares outstanding
immediately prior to the consummation of the Issuer's initial public
offering of Common Shares.