SCOR rises after 'all the more impressive' Q1

Shares in French reinsurer SCOR SCOR.PA rise more than 5% after Q1 results beat expectations, with net income of 200 mln euros ($227.20 mln) about 35% ahead of consensus

JP Morgan says it is an "impressive achievement" how the reinsurer managed to deliver a combined ratio of 85% and add to its buffers in P&C at the same time

"The challenge for SCOR is to deliver consistently," JPM continues and predicts the valuation gap to competitors to slim if the company shows it can be relied upon

Jefferies calls the results "all the more impressive" set against the backdrop of Californian wildfires and also lauds SCOR's proactive buffer building

Scor shares are up about 18% YTD

The stock tops France's wider SBF 120 index .SBF120

($1 = 0.8803 euros)