FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * TRIDENT II L P   2. Issuer Name and Ticker or Trading Symbol JAMES RIVER GROUP, INC [JRVR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O MAPLES & CALDER, UGLAND HOUSE, BOX 309, SOUTH CHURCH STREET 3. Date of Earliest Transaction (Month/Day/Year) 12/01/2006 (Street) GEORGE TOWN, GRAND CAYMAN, E9 BWI 4. If Amendment, Date Original Filed(Month/Day/Year) 12/05/2006 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/01/2006   S   2,317 D $ 33 2,796,771 (1) (2) D   Common Stock 12/01/2006   S   2,021 D $ 32.75 2,794,750 D   Common Stock 12/01/2006   S   14,362 D $ 32.5 2,780,388 D   Common Stock 12/01/2006   S   200 D $ 32.54 2,780,188 D   Common Stock 12/01/2006   S   100 D $ 32.61 2,780,088 D   Common Stock 12/01/2006   S   200 D $ 32.67 2,779,888 D   Common Stock 12/01/2006   S   100 D $ 32.66 2,779,788 D   Common Stock 12/01/2006   S   600 D $ 32.63 2,779,188 D   Common Stock 12/01/2006   S   100 D $ 32.52 2,779,088 D   Common Stock 12/04/2006   S   2,500 D $ 33.2825 2,776,588 D   Common Stock 12/04/2006   S   1,700 D $ 33.5813 2,774,888 D   Common Stock 12/04/2006   S   400 D $ 33.5618 2,774,488 D   Common Stock 12/04/2006   S   1,406 D $ 33.5001 2,773,082 D   Common Stock 12/04/2006   S   2,800 D $ 33.5555 2,770,282 D   Common Stock 12/04/2006   S   2,100 D $ 33.6 2,768,182 D   Common Stock 12/04/2006   S   5,100 D $ 33.75 2,763,082 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TRIDENT II L P C/O MAPLES & CALDER, UGLAND HOUSE BOX 309, SOUTH CHURCH STREET GEORGE TOWN, GRAND CAYMAN, E9 BWI		X
TRIDENT CAPITAL II LP C/O MAPLES & CALDER, UGLAND HOUSE BOX 309, SOUTH CHURCH STREET GEORGE TOWN, GRAND CAYMAN, E9 BWI		X

Signatures

Trident II, L.P.; By: Trident Capital II, L.P.; By: DW Trident GP, LLC; By: David Wermuth, Member		12/19/2006
**Signature of Reporting Person		Date
Trident Capital II, L.P.; By: DW Trident GP, LLC; By: David Wermuth, Member		12/19/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This filing relates to shares of Common Stock of James River Group, Inc. ("JRVR"). Trident II, L.P. ("Trident") is making this joint filing on Form 4 on its behalf and on behalf of Trident Capital II, L.P.
(2)	This amended Form 4 filing is being made to correct the entries contained in Column 5 in Rows 1-16 of Table 1 in the Form 4 filed by Trident on 12/5/2006. This amended filing is necessary because the initial entry in Column 5 in Row 1 of Table I in the Form 4 filed on 12/5/2006 was incorrectly entered -- 2,776,771 was incorrectly enterted when the correct entry should have been 2,796,771. The resulting entries for total securities owned in Column 5 of each in the subsequent rows 2-16 of Table I were also incorrect by an equivalent amount (ie, in each case understated by 20,000 shares). None of the other information contained in the Form 4 filing made on 12/5/2006 is being amended.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.