No initiative because I haven't given him feats yet. He gets 12 feats and 12 epic feats. Improved initiative in all of it's flavors are expected.

The thing about Ragnaros in WoW, as well as this guy, is that a little bit of foresight goes a long way.

Hell, Fire Resistance 40 effectively means you can do whatever you want to him. Craft some armor with insane FR, and you'll do fine.