EXHIBIT31.2

CERTIFICATION OF THE CHIEF FINANCIAL 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 disclosure controls andprocedures, or caused such disclosure controls and procedures to bedesigned under our supervision, to ensure that material informationrelating to the registrant, including its consolidated subsidiaries, ismade known to us by others within those entities, particularly duringthe period in which this report is beingprepared; |

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|  | b)  | Evaluated the effectiveness of theregistrant’s disclosure controls and procedures and presented inthis report our conclusions about the effectiveness of the disclosurecontrols and procedures, as of the end of the period covered by thisreport based on such evaluation; and |

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|  | c)  | Disclosed in this report any change in theregistrant’s internal control over financial reporting thatoccurred during the registrant’s most recent fiscal quarter thathas materially affected, or is reasonably likely to materially affect,the registrant’s internal control over financial reporting;and |

5.    The registrant's other certifyingofficer(s) and I have disclosed, based on our most recent evaluation ofinternal control over financial reporting, to the registrant'sauditors and the audit committee of the registrant's board ofdirectors (or persons performing the equivalentfunctions):

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|  | a)  | All significant deficiencies andmaterial weaknesses in the design or operation of internal control overfinancial reporting which are reasonably likely to adversely affect theregistrant's ability to record, process, summarize and reportfinancial information; and |

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|  | b)  | Any fraud, whetheror not material, that involves management or other employees who have asignificant role in the registrant's internal control overfinancialreporting. |

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|                 |  |  | /s/Michael T. Oakes                    |
| Date: August  2,2006 |  |  | Michael T. OakesChief FinancialOfficer |
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