W. R. Berkley Corporation and its subsidiary Berkley Insurance Company filed a Schedule 13G on November 9, 2026, disclosing beneficial ownership of ordinary shares in Flag Ship Acquisition Corporation as of September 30, 2026.

Key Highlights

  • Beneficial ownership: W. R. Berkley Corporation and Berkley Insurance Company each reported beneficial ownership of 198,813 ordinary shares of Flag Ship Acquisition Corporation.
  • Percent of class: The 198,813 shares represent 5.7% of the class of ordinary shares, $0.001 par value per share, according to the filing.
  • Shared voting and dispositive power: Both reporting persons reported shared voting power and shared dispositive power over all 198,813 shares, with sole voting and sole dispositive power of 0.
  • Triggering event date: The date of the event requiring the filing was stated as September 30, 2026.
  • Issuer address: Flag Ship Acquisition Corporation's principal executive offices are listed as 26 Broadway, Suite 934, New York, New York, 10004.
  • Certifying officer: Richard M. Baio, Executive Vice President and Chief Financial Officer of W. R. Berkley Corporation, signed the filing on November 9, 2026.

W. R. Berkley and Subsidiary Report Joint Ownership Crossing 5% Threshold in Flag Ship Acquisition

According to the Schedule 13G filed with the SEC on November 9, 2026, W. R. Berkley Corporation, a Delaware corporation headquartered at 475 Steamboat Road, Greenwich, CT 06830, and its subsidiary Berkley Insurance Company, also organized in Delaware, jointly reported beneficial ownership of 198,813 ordinary shares of Flag Ship Acquisition Corporation. The filing identifies the security as ordinary shares with a par value of $0.001 per share. The event triggering the filing occurred on September 30, 2026.

The filing discloses that neither W. R. Berkley Corporation nor Berkley Insurance Company holds sole voting or sole dispositive power over any of the reported shares. Instead, both entities report shared voting power and shared dispositive power over the full 198,813 shares. The aggregate beneficial ownership is stated as 5.7% of the class. Berkley Insurance Company is identified as a reporting person of type "CO, IC," indicating it is classified as both a corporation and an insurance company for Schedule 13G purposes.

The filing's Item 10 certification states that "the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing references Exhibit 99.1 for the identification and classification of the relevant subsidiary under Item 7. Richard M. Baio signed on behalf of both reporting persons in his capacities as Executive Vice President and Chief Financial Officer of W. R. Berkley Corporation and Executive Vice President and Treasurer of Berkley Insurance Company.

What Was Disclosed

W. R. Berkley Corporation and Berkley Insurance Company filed a Schedule 13G reporting shared beneficial ownership of 198,813 ordinary shares, equal to 5.7% of the class, in Flag Ship Acquisition Corporation, with the triggering event dated September 30, 2026.