FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * Greenberg Jeffrey W.   2. Issuer Name and Ticker or Trading Symbol VALIDUS HOLDINGS LTD [VR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 535 MADISON AVENUE, 24TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 06/26/2008 (Street) NEW YORK, NY 10022 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 06/26/2008   P   18,551 A $ 20.22 (1) 4,420,227 (2) I See Footnotes (3) (5) Common Shares 06/26/2008   P   10,349 A $ 20.22 (1) 2,465,815 (2) I See Footnotes (4) (5) Common Shares 06/30/2008   P   193 A $ 20.9 4,420,420 I See Footnotes (3) (5) Common Shares 06/30/2008   P   107 A $ 20.9 2,465,922 I See Footnotes (4) (5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Greenberg Jeffrey W. 535 MADISON AVENUE 24TH FLOOR NEW YORK, NY 10022	X	X
AQUILINE CAPITAL PARTNERS LLC 535 MADISON AVENUE 24TH FLOOR NEW YORK, NY 10022		X
AQUILINE HOLDINGS LLC 535 MADISON AVENUE 24TH FLOOR NEW YORK, NY 10022		X
AQUILINE HOLDINGS LP 535 MADISON AVENUE 24TH FLOOR NEW YORK, NY 10022		X
AQUILINE HOLDINGS GP INC. 535 MADISON AVENUE 24TH FLOOR NEW YORK, NY 10022		X

Signatures

Jeffrey W. Greenberg; by John Schuster, as his Attorney-in-Fact		06/30/2008
**Signature of Reporting Person		Date
Aquiline Capital Partners LLC; by Aquiline Holdings LP, as its managing member; by Aquiline Holdings GP Inc., as its general partner; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact		06/30/2008
**Signature of Reporting Person		Date
Aquiline Holdings LLC; by Aquiline Holdings LP, as its managing member; by Aquiline Holdings GP Inc., as its general partner; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact		06/30/2008
**Signature of Reporting Person		Date
Aquiline Holdings LP; by Aquiline Holdings GP Inc., as its general partner; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact		06/30/2008
**Signature of Reporting Person		Date
Aquiline Holdings GP Inc.; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact		06/30/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	This price represents the weighted average price per share of purchases that were executed at prices ranging from $20.10 to $20.35 per share. The Reporting Persons undertake to provide, upon request by the Securities Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each price.
(2)	This number reflects a transfer of 86,138 shares from Aquiline Financial Services Fund L.P. to Aquiline Financial Services Fund (Offshore) L.P.
(3)	These shares are held by Aquiline Financial Services Fund L.P.
(4)	These shares are held by Aquiline Financial Services Fund (Offshore) L.P.
(5)	Aquiline Capital Partners LLC is the investment manager of each of Aquiline Finanical Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. Aquiline Holdings LLC is the sole member of Aquiline Capital Partners LLC. Aquline Holdings LP is the sole member of Aquline 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.
Remarks: 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 to be 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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