Does Phoenix insurance still exist?

Yes, Phoenix insurance still exists, though its form depends on which Phoenix insurance you mean, as there are several major insurers using Phoenix name globally, all still operating. In the United Kingdom, Phoenix Life and Phoenix Group Holdings plc still exists as a large FTSE 100 life insurance consolidator based in London owning Standard Life, Phoenix Life, and SunLife, managing over 280 billion pounds of assets and administering millions of life and pension policies, still in business and paying claims. In Israel, Phoenix Insurance Company Ltd, formally Phoenix Holdings Ltd headquartered near Tel Aviv, still exists as one of Israel's largest insurance groups providing life, health, property, and investment services, listed on Tel Aviv Stock Exchange. In the United States, Phoenix Life Insurance Company, originally founded in 1851 in Hartford, Connecticut, still exists as part of Nassau Financial Group after restructuring, continuing to administer existing life insurance and annuity policies and selling new annuities under Nassau Life brand. So Phoenix insurance still exists in all major markets where it operated, though some operations are now closed book consolidators managing existing policies rather than selling new policies under Phoenix brand, and financial strength ratings remain strong.