Validus Group subsidiaries have been assigned the following ratings.

Validus Reinsurance, Ltd.

Validus Reinsurance Ltd. is rated by A.M. Best and Moody’s.

A.M. Best Financial Strength Rating
A- (Excellent), Stable Outlook

Fitch Insurer Financial Strenght (IFC) Rating
A-, Stable Outlook

Moody’s Insurance Financial Strength Rating
A3, Stable Outlook 

Talbot Syndicate 1183 at Lloyd’s

Talbot Syndicate 1183 trades under the ratings of the overall Lloyd’s market. For further information, please refer to the Lloyd’s site: www.lloyds.com

A.M. Best
A (Excellent), Stable Outlook

Fitch Ratings
A+ (Strong), Stable Outlook

Standard and Poor’s
A+ (Strong), Stable Outlook