360 Underwriting Solutions has introduced a product covering unpaid school fees.

The underwriting agency says 360 School Fee Protect helps independent schools manage arrears arising from unexpected circumstances such as a parent or guardian’s unemployment, accidental death and permanent disablement.

“As a bolt-on product, this offering strengthens our ability to meet specific market needs,” 360 founder and MD Denis Morrissey said.

“It offers valuable financial protection to schools, furthering our mission to provide innovative and practical solutions.”

Capacity for the product is provided by Lloyd’s Syndicate 4444, managed by Canopius Managing Agents.

Johnny Marchant will oversee the product as executive director.

“We are excited to have Johnny leading 360 School Fee Protect,” 360 Australian businesses CEO and director Jason Clarke said. “His expertise is invaluable as we introduce this product.”