Insurance provider Allianz Risk Transfer AG (ART) and Nephila Capital Limited (Nephila) [announced](http://www.agcs.allianz.com/about-us/news/blockchain-technology-successfully-piloted-by-allianz-risk-transfer-and-nephila-for-catastrophe-swap-/%20) on Wednesday that they have “successfully piloted the use of blockchain smart contract technology for transacting a natural catastrophe swap.”