EXHIBIT31.2

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICERPURSUANTTO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I,Michael T. Oakes, certify that:

1.    I have reviewedthis quarterly report on Form 10-Q of James River Group,Inc.;

2.    Based on my knowledge, this report doesnot contain any untrue statement of a material fact or omit to state amaterial fact necessary to make the statements made, in light of thecircumstances under which such statements were made, not misleadingwith respect to the period covered by this report;

3.    Based on my knowledge, the financial statements,and other financial information included in this report, fairly presentin all material respects the financial condition, results of operationsand cash flows of the registrant as of, and for, the periods presentedin this report;

4.    The registrant's othercertifying officer(s) and I are responsible for establishing andmaintaining disclosure controls and procedures (as defined in ExchangeAct Rules 13a-15(e) and 15d-15(e)) for the registrant andhave:

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|  | a)  | Designed such disclosurecontrols and procedures, or caused such disclosure controls andprocedures to be designed under our supervision, to ensure thatmaterial information relating to the registrant, including itsconsolidated subsidiaries, is made known to us by others within thoseentities, particularly during the period in which this report is beingprepared; |

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|  | b)  | Evaluated theeffectiveness of the registrant’s disclosure controls andprocedures and presented in this report our conclusions about theeffectiveness of the disclosure controls and procedures, as of the endof the period covered by this report based on such evaluation; and |

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|  | c)  | Disclosed in this report any changein the registrant’s internal control over financial reportingthat occurred during the registrant’s most recent fiscal quarterthat has materially affected, or is reasonably likely to materiallyaffect, the registrant’s internal control over financialreporting; and |

5.    The registrant's othercertifying officer(s) and I have disclosed, based on our most recentevaluation of internal control over financial reporting, to theregistrant's auditors and the audit committee of theregistrant's board of directors (or persons performing theequivalent functions):

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|  | a)  | Allsignificant deficiencies and material weaknesses in the design oroperation of internal control over financial reporting which arereasonably likely to adversely affect the registrant's ability torecord, process, summarize and report financial information;and |

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|  | b)  | Any fraud, whether or notmaterial, that involves management or other employees who have asignificant role in the registrant's internal control overfinancial reporting. |

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|--------------------|--|------------------------|--|--|--|--|
|               |  | /s/Michael T. Oakes    |
| Date: May  11,2006 |  | Michael T.Oakes        |
|               |  | Chief FinancialOfficer |
|                    |

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