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Derivative Financial Instruments (Schedule Of Derivative Gains And Losses In The Consolidated Statements Of Operations) (Details) (Derivatives Not Designated as Hedging Instrument [Member], USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Derivative [Line Items]    
Gain Recognized in Income (Loss) $ 3,435us-gaap_DerivativeGainLossOnDerivativeNet $ 1,430us-gaap_DerivativeGainLossOnDerivativeNet
Total Return Swap [Member] | Other revenue [Member]    
Derivative [Line Items]    
Gain Recognized in Income (Loss) 2,988us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_TotalReturnSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OtherIncomeMember
875us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_TotalReturnSwapMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OtherIncomeMember
Equity contracts [Member] | Net realized investment (losses) gains [Member]    
Derivative [Line Items]    
Gain Recognized in Income (Loss) $ 447us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember
$ 555us-gaap_DerivativeGainLossOnDerivativeNet
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_EquityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_IncomeStatementLocationAxis
= mcy_NetRealizedInvestmentGainsMember