That it's the international standard for formatting in .SRT files. If your version of SW doesn't accept it, then it's a bug in SW
Here are examples of a perfectly working subtitle:
2
00:00:19,717 --> 00:00:22,951
<font color=#11A8E1>Beverly Weston: </font><i>...“Life is very long...”
8
00:00:42,954 --> 00:00:45,297
<i>“Life is very long:”</I> TS Eliot.
25
00:01:49,778 --> 00:01:51,670
<font color=#11A8E1>Violet:</font> Bev?
</I>
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