W. R. Berkley (IPCX) discloses 1.77M shares, 6.8% stake disclosed

Rhea-AI Filing Summary

W. R. Berkley Corporation reports beneficial ownership of 1,769,623 Class A ordinary shares of Inflection Point Acquisition Corp. III.

The filing states this equals 6.8% of the class, with shared voting and dispositive power over those shares. The filing lists the issuer CUSIP as G47875102 and is signed by Richard M. Baio.

Insights

Institutional Ownership Analyst

Large institutional holder reports a 6.8% stake with shared voting power.

W. R. Berkley Corporation discloses beneficial ownership of 1,769,623 shares of Inflection Point Acquisition Corp. III, representing 6.8% of the class as reported.

Shared voting and dispositive rights are indicated; the position is presented as a passive investment under Schedule 13G filing conventions. Subsequent filings may clarify any changes to ownership or voting arrangements.

Key Figures

Beneficially owned shares: 1,769,623 shares Percent of class: 6.8% CUSIP: G47875102 +3 more

6 metrics

Beneficially owned shares 1,769,623 shares Amount beneficially owned reported in Item 4

Percent of class 6.8% Percent of class reported in Item 4

CUSIP G47875102 Issuer CUSIP listed on the cover

Sole voting power 0 shares Item 4(i) reports sole power to vote

Shared voting power 1,769,623 shares Item 4(ii) reports shared power to vote

Signature date 05/07/2026 Date of signature by Richard M. Baio

Key Terms

Schedule 13G, Beneficial ownership, Shared voting power, CUSIP

4 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Inflection Point Acquisition Corp. III"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. (a) Amount beneficially owned: 1,769,623"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared voting power corporate

"Item 4 (ii) Shared power to vote or to direct the vote: 1,769,623"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

CUSIP regulatory

"CUSIP Number(s): G47875102"

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

Inflection Point Acquisition Corp. III

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G47875102

(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): G47875102

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 1,769,623.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,769,623.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,769,623.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G47875102

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 1,769,623.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,769,623.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,769,623.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

CO, IC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Inflection Point Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 167 Madison Avenue, Ste. 205 #1017, New York, New York, 10016
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: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP Number(s): G47875102
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: 1,769,623
(b)	Percent of class: 6.8 %
(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: 1,769,623
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,769,623
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

What stake does W. R. Berkley hold in Inflection Point Acquisition Corp. III (IPCX)?

W. R. Berkley beneficially owns 1,769,623 shares, representing 6.8% of the class. The Schedule 13G lists shared voting and shared dispositive power over these shares and identifies the CUSIP as G47875102.

Does W. R. Berkley have sole voting power over IPCX shares?

No. The filing reports 0 shares with sole voting power and 1,769,623 shares with shared voting power. Voting and dispositive authority are reported as shared for the disclosed position.

Which entity within W. R. Berkley is identified as holding the IPCX shares?

The filing names W. R. Berkley Corporation and lists Berkley Insurance Company as related, with Delaware citizenship noted. Exhibit references indicate a subsidiary identification is provided separately.

Who signed the Schedule 13G for W. R. Berkley?

The Schedule 13G is signed by Richard M. Baio, listed as Executive Vice President and Chief Financial Officer and Treasurer, with signature dates shown as 05/07/2026.

What class of securities is reported in this filing for IPCX?

The filing reports on Class A ordinary shares, par value $0.0001 per share of Inflection Point Acquisition Corp. III, with CUSIP G47875102 indicated on the cover information.