HAMILTON, Bermuda, July 30 /PRNewswire-FirstCall/ -- Validus Holdings,Ltd. (NYSE: VR) announced that it expects to release its 2007 secondquarter results after the close of regular stock market hours on Thursday,August 9, 2007. The Company will hold a conference call for investors and analysts at9:00 a.m. EST on Friday, August 10, 2007. A live, listen only webcast of this call will be available on theCompany's website at http://www.validusre.bm/. An archive of the call willbe available from approximately 1:00 p.m. EST on August 10, 2007, throughSeptember 9, 2007. About Validus Holdings, Ltd. Validus Holdings, Ltd. is a provider of reinsurance and insurance,conducting its operations worldwide through two wholly-owned subsidiaries,Validus Reinsurance, Ltd. ("Validus Re") and Talbot Holdings Ltd.("Talbot"). Validus Re is a Bermuda based reinsurer focused on short-taillines of reinsurance. Talbot is the Bermuda parent of the specialtyinsurance group primarily operating within the Lloyd's insurance marketthrough Syndicate 1183. Cautionary Note Regarding Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safeharbor" for forward-looking statements. This release or any other writtenor oral statements made by or on behalf of Validus Holdings, Ltd. and itssubsidiaries (collectively, the "Company") may include forward-lookingstatements which reflect the Company's current views with respect to futureevents and financial performance. Forward-looking statements involve theCompany's current assessment of risks and uncertainties, which may causeactual events and results and prospects to differ materially from thoseexpressed or implied in these statements. Certain information regardingsuch risks and uncertainties is set forth in the Company's filings with theSecurities and Exchange Commission. Such risks and uncertainties include,but are not limited to, the following: unpredictability and severity ofcatastrophic events; the Company's ability to obtain and maintain ratings,which may be affected by its ability to raise additional equity or debtfinancings, as well as other factors described herein; adequacy of theCompany's risk management and loss limitation methods; cyclicality ofdemand and pricing in the reinsurance market; the Company's limitedoperating history; the Company's ability to successfully implement itsbusiness strategy during "soft" as well as "hard" markets; adequacy of theCompany's loss reserves; continued availability of capital and financing;the Company's ability to identify, hire and retain, on a timely andunimpeded basis and on anticipated economic and other terms, experiencedand capable senior management as well as underwriters, claims professionalsand support staff; acceptance of the Company's business strategy, securityand financial condition by rating agencies and regulators, as well as bybrokers and reinsureds; competition, including increased competition, onthe basis of pricing, capacity, coverage terms or other factors; potentialloss of business from one or more major reinsurance brokers; the Company'sability to implement, successfully and on a timely basis, complexinfrastructure, distribution capabilities, systems, procedures and internalcontrols, and to develop accurate actuarial data to support the businessand regulatory and reporting requirements; general economic and marketconditions (including inflation, interest rates and foreign currencyexchange rates) and conditions specific to the reinsurance markets in whichthe Company expects to operate; the integration of Talbot Holdings Ltd. orother businesses the Company may acquire; accuracy of those estimates andjudgments utilized in the preparation of the Company's financialstatements, including those related to revenue recognition, insurance andother reserves, reinsurance recoverables, investment valuations, intangibleassets, bad debts, income taxes, contingencies, litigation and anydetermination to use the deposit method of accounting, which, for arelatively new insurance and reinsurance company like the Company, are evenmore difficult to make than those made in a mature company because oflimited historical information; acts of terrorism, political unrest andother hostilities or other unforecasted and unpredictable events;availability to the Company of retrocessions to manage its gross and netexposures and the cost of such retrocessions; the failure ofretrocessionaires, producers or others to meet their obligations to theCompany; the timing of loss payments being faster or the receipt ofreinsurance recoverables being slower than anticipated by the Company;changes in domestic or foreign laws or regulations, or theirinterpretations; changes in accounting principles or the application ofsuch principles by regulators; and statutory or regulatory or rating agencydevelopments, including as to tax policy and matters and reinsurance andother regulatory matters such as the adoption of proposed legislation thatwould affect Bermuda-headquartered companies and/or Bermuda-based insurersor reinsurers. In addition, other general factors could affect theCompany's results, including: (a) developments in the world's financial andcapital markets and the Company's access to such markets; (b) changes inregulations or tax laws applicable to the Company, including, withoutlimitation, any such changes resulting from the recent investigationsrelating to the insurance industry and any attendant litigation; and (c)the effects of business disruption or economic contraction due to terrorismor other hostilities. The Company undertakes no obligation to publiclyupdate or revise any forward-looking statement, whether as a result of newinformation, future events or otherwise.
