Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Greenberg Jeffrey W.
 2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2007		 3. Issuer Name and Ticker or Trading Symbol
VALIDUS HOLDINGS LTD [VR]
(Last)
(First)
(Middle)
C/O VALIDUS RE, SUITE 1790, 48 PAR-LA-VILLE ROAD		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HAMILTON, D0 HM11		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares 4,487,814
I
See Notes (1) (5) (6)
Common Shares 2,369,328
I
See Notes (2) (5) (6)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to buy)   (3) 12/12/2015 Common Shares 10,019 $ 17.5 D  
Warrants (right to buy)   (3) 12/12/2015 Common Shares 2,923,708.66 $ 17.5 I See Note (4) (5)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Greenberg Jeffrey W.
C/O VALIDUS RE
SUITE 1790, 48 PAR-LA-VILLE ROAD
HAMILTON, D0 HM11		   X   X    
AQUILINE CAPITAL PARTNERS LLC
535 MADISON AVENUE, 27TH FLOOR
NEW YORK, NY 10022		   X   X    
AQUILINE HOLDINGS LLC
535 MADISON AVENUE, 27TH FLOOR
NEW YORK, NY 10022		   X   X    
AQUILINE HOLDINGS LP
535 MADISON AVENUE, 27TH FLOOR
NEW YORK, NY 10022		   X   X    
AQUILINE HOLDINGS GP INC.
535 MADISON AVENUE, 27TH FLOOR
NEW YORK, NY 10022		   X   X    

Signatures

Jeffrey W. Greenberg 07/24/2007
**Signature of Reporting Person Date
Aquiline Capital Partners LLC, By Jeffrey W. Greenberg: 07/24/2007
**Signature of Reporting Person Date
Aquiline Holdings LLC, By Jeffrey W. Greenberg 07/24/2007
**Signature of Reporting Person Date
Aquiline Holdings LP, By Jeffrey W. Greenberg: 07/24/2007
**Signature of Reporting Person Date
Aquiline Holdings GP Inc., By Jeffrey W. Greenberg: 07/24/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares are held by Aquiline Financial Services Fund L.P.
(2) These shares are held by Aquiline Financial Services Fund (Offshore) L.P.
(3) These warrants are exercisable at any time prior to their expiration date.
(4) These warrants are held by Aquiline Capital Partners LLC.
(5) Aquiline Capital Partners LLC is the investment manager of each of Aquiline Financial Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. Aquiline Holdings LLC is the sole member of Aquiline Capital Partners LLC. Aquiline Holdings LP is the sole member of Aquiline Holdings LLC. Aquiline Holdings GP Inc. is the general partner of Aquiline Holdings LP. Jeffrey W. Greenberg is the sole stockholder of Aquiline Holdings GP Inc. and is a managing principal of Aquiline Capital Partners LLC.
(6) Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.

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