<?xml version="1.0" encoding="utf-8"?>
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:gen="http://xbrl.org/2008/generic" xmlns:label="http://xbrl.org/2008/label" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd http://xbrl.org/2008/generic http://www.xbrl.org/2008/generic-link.xsd http://xbrl.org/2008/label http://www.xbrl.org/2008/generic-label.xsd">
  <link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2008/element-label" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#element-label" />
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/label" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#standard-label" />
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/verboseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#verbose-label" />
  <gen:link xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="vr-IMO_bv0388_02.xml#boemd_IMO_bv0388_02" xlink:label="loc_boemd_IMO_bv0388_02" />
    <label:label xlink:type="resource" xlink:label="label_boemd_IMO_bv0388_02" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Aggregate Net written premium planned in the 12 months post the Reference Date should equal the sum of Net written premium planned in the 12 months post the Reference Date for each LoB.</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_boemd_IMO_bv0388_02" xlink:to="label_boemd_IMO_bv0388_02" />
    <label:label xlink:type="resource" xlink:label="label_boemd_IMO_bv0388_02_1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">Aggregate Net written premium planned in the 12 months post the Reference Date should equal the sum of Net written premium planned in the 12 months post the Reference Date for each LoB.</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_boemd_IMO_bv0388_02" xlink:to="label_boemd_IMO_bv0388_02_1" />
  </gen:link>
</link:linkbase>