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Fair Value Measurement (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
transfers
Mar. 31, 2014
transfers
Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Percentage of portfolio of unadjusted fair values obtained 99.60%mcy_PercentageOfUnadjustedFairValueObtained    
Percentage of portfolio of specific unadjusted broker quotes obtained 0.40%mcy_PercentageOfSpecificUnadjustedBrokerQuotesObtained    
Transfers between Levels 1, 2, and 3 of the fair value hierarchy 0mcy_FairValueTransfersBetweenLevelsOneTwoAndThreeAmount 0mcy_FairValueTransfersBetweenLevelsOneTwoAndThreeAmount  
Commercial Mortgage Backed Securities [Member] | Level 2 [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Trading securities, fair value disclosure 46.1us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
  $ 32.5us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommercialMortgageBackedSecuritiesMember
Minimum [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Number of knowledgeable outside security brokers consulted to determine fair value 1mcy_NumberOfKnowledgeableOutsideSecurityBrokersConsultedToDetermineFairValue
/ us-gaap_RangeAxis
= us-gaap_MinimumMember