[AlanHK]

using version .3.3

it converts:

<i>Titanic</i>'s lifeboats

to

<i>Titanic</i>‘s lifeboats

And for any possessive after an italic word.
Can this be "exceptioned"?

Obviously I can do S&R
</i>‘ to </i>’

The only case when the first would be correct would be if you have a space before the </i>' and a word following -- eg an italic para and normally italic word, within single quotes. Which would be much more rare than the above, I think.