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State officials say full repairs cannot take place until spring.
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Woolsey was one of two highly destructive wildfires in California last month. -
October represented the fourth monthly loss registered in 2018 on the Eurekahedge ILS Advisers index.
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The manager also said the spread-widening associated with Florence and Michael had a dampening effect on cat bond performance.
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The insurer forecast gross losses of $207mn from the Camp Fire and $46mn from Woolsey.
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It estimated that damage from the Woolsey and Camp Fires in California will be worth between $15bn and $19bn.
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The retro manager also warned 2018 wildfire losses could exceed those of last year.
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The insurer is expected to make significant recoveries from its aggregate cat bonds for the second year running.
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MS&AD will recover more than half its gross 2018 typhoon losses from reinsurers.
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The California Department of Forestry and Fire Protection said the blaze was so far spread across 150,000 acres and was 65 percent contained.
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The bond will provide the insurer with US multi-peril protection on an indemnity per occurrence basis.
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Insured loss estimates for the storm have now pushed into the $10bn-$15bn range, from $5bn-$10bn estimates last week.
