James River Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

470359100

(CUSIP Number)

12/31/05

(Date of Event Which Requires Filing of this Statement)

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Rule 13d-1(b)

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Rule 13d-1(c)

[ X ]

Rule 13d-1(d)

CUSIP No. 470359100  

1.

Names of Reporting Persons.

I.R.S. Identification nos. of above persons (entities only)

J. Adam Abram

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b)

3.

SEC Use Only

4.

Citizenship or Place of Organization

United States

Number of Shares Beneficially by Owned by Each Reporting Person With:

5.        Sole Voting Power

729,914(1)

6.        Shared Voting Power

127,009(2)

7.        Sole Dispositive Power

729,914(1)

8.        Shared Dispositive Power

127,009(2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

856,923

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

Not

applicable

11.

Percent of Class Represented by Amount in Row (9)

5.6%

12.

Type of Reporting Person (See Instructions)

IN

(a)

Name of Issuer

James River Group, Inc.

(b)

Address of Issuer’s Principal Executive Offices

1414 Raleigh Road, Suite 415, Chapel Hill, NC 27517

(a)

Name of Person Filing

J. Adam Abram

(b)

Address of Principal Business Office or, if none, Residence

1414 Raleigh Road, Suite 415, Chapel Hill, NC 27517

(c)

Citizenship

United States

(d)

Title of Class of Securities

Common Stock, par value $0.01 per share

(e)

CUSIP Number

470359100

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the

person filing is a:

(a)

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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

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A parent holding company or control person in accordance with §240.13d-

1(b)(1)(ii)(G);

(h)

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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

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Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership

(a)

Amount beneficially owned: 856,923

(b)

Percent of class: 5.6%.

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote 729,914(1).

(ii)

Shared power to vote or to direct the vote 127,009(2).

(iii)

Sole power to dispose or to direct the disposition of 729,914(1).

(iv)

Shared power to dispose or to direct the disposition of 127,009(2).

Item 5.

Ownership of Five Percent or Less of a Class

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being

Reported on By the Parent Holding Company.

Not Applicable.

Item 8.

Identification and Classification of Members of the Group

Not Applicable.

Item 9.

Notice of Dissolution of Group

Not Applicable.

Item 10.

Certification

Not Applicable. Reporting person is filing pursuant to Rule 13d-1(d).

February 13, 2006

Date

/s/ J. Adam Abram

Signature

J. Adam Abram

Name/Title