W.R. Berkley (NASDAQ: FSHP) reports 434,420 shares, 8.6% ownership

Rhea-AI Filing Summary

FLAG SHIP ACQUISITION CORPORATION ownership disclosure: W. R. Berkley Corporation reports beneficial ownership of 434,420 ordinary shares of FLAG SHIP ACQUISITION CORPORATION, representing 8.6% of the class. The filing lists shared voting and dispositive power over the 434,420 shares.

The Schedule 13G/A identifies Berkley Insurance Company as the subsidiary holding the same 434,420 shares. Signatures are dated 05/07/2026.

Key Figures

Beneficial ownership: 434,420 shares Percent of class: 8.6% CUSIP: G3530C109 +4 more

7 metrics

Beneficial ownership 434,420 shares Amount beneficially owned as reported in Item 4

Percent of class 8.6% Percent of ordinary shares reported in Item 4(b)

CUSIP G3530C109 CUSIP for Ordinary Shares listed in Item 2(e)

Sole voting power 0 Shares with sole power to vote (Item 4(c)(i))

Shared voting power 434,420 Shares with shared power to vote (Item 4(c)(ii))

Par value $0.001 per share Ordinary Shares par value stated at top of the filing

Signature date 05/07/2026 Dates shown next to signatures at the end of the amendment

Key Terms

beneficially owned, shared dispositive power, Schedule 13G/A, CUSIP

4 terms

beneficially owned regulatory

"Item 4. | Ownership (a) | Amount beneficially owned: 434,420"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"(iv) Shared power to dispose or to direct the disposition of: 434,420"

Schedule 13G/A regulatory

"form_type: SCHEDULE 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

CUSIP market

"Item 2. ... (e) | CUSIP No.: G3530C109"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

FLAG SHIP ACQUISITION CORPORATION

(Name of Issuer)

Ordinary Shares, $0.001 par value per share

(Title of Class of Securities)

G3530C109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G3530C109

1

Names of Reporting Persons

W.R. Berkley Corporation

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 434,420.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 434,420.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

434,420.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G3530C109

1

Names of Reporting Persons

Berkley Insurance Company

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 434,420.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 434,420.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

434,420.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

CO, IC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FLAG SHIP ACQUISITION CORPORATION
(b)	Address of issuer's principal executive offices: 26 Broadway, Suite 934, New York, New York, 10004
Item 2.
(a)	Name of person filing: W. R. Berkley Corporation
(b)	Address or principal business office or, if none, residence: 475 Steamboat Road Greenwich, CT 06830
(c)	Citizenship: US
(d)	Title of class of securities: Ordinary Shares, $0.001 par value per share
(e)	CUSIP No.: G3530C109
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)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	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)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 434,420
(b)	Percent of class: 8.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 434,420
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 434,420
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 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 or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.1
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

W.R. Berkley Corporation

Signature:	/s/ Richard M. Baio
Name/Title:	Richard M. Baio/Executive Vice President and Chief Financial Officer
Date:	05/07/2026

Berkley Insurance Company

Signature:	/s/ Richard M. Baio
Name/Title:	Richard M. Baio/Executive Vice President and Treasurer
Date:	05/07/2026

FAQ

How many FSHP shares does W.R. Berkley Corporation report owning?

W.R. Berkley Corporation reports beneficial ownership of 434,420 shares. The filing states this equals 8.6% of FLAG SHIP ACQUISITION CORPORATION's class of ordinary shares.

Does the filing show voting or dispositive control for the FSHP shares?

The filing shows shared voting power and shared dispositive power over the 434,420 shares. It reports 0 sole voting or dispositive power.

Which entity holds the FSHP shares on behalf of W.R. Berkley Corporation?

The Schedule 13G/A names Berkley Insurance Company as the subsidiary tied to the reported 434,420-share position in FLAG SHIP ACQUISITION CORPORATION.

What class and CUSIP are reported for the securities in this filing?

The filing covers Ordinary Shares, $0.001 par value of FLAG SHIP ACQUISITION CORPORATION with CUSIP G3530C109, as stated in Item 2(d)-(e).

When were the ownership signatures dated on the Schedule 13G/A?

The disclosure is signed by Richard M. Baio with signature dates shown as 05/07/2026 for the submitted amendment.